Analyst Colin Rush of investment bank Opperheimer doubled his price target for Tesla to $1036, the highest of all stock market followers from the electric car manufacturer.
According to Rusch, who previously had a price target of $486, Tesla emphasizes that as a growth share, Tesla will reap the benefits of the extensive incentives. He also points out that Tesla is expected to start developing self-propelled car technology
Tesla‘s share of Tesla finished a great ride last Thursday with a record of $880. quarterly figures that the company of founder Elon Musk will show.
Earlier this month, investors responded enthusiastically to Tesla’s report that last year‘s production targets were almost met despite the coronal alaise. This year’s focus will be on the construction of the superfactory near the German capital Berlin and the further expansion in China‘s growth market.
The excellent business at Tesla has certainly failed to win major shareholder Musk. Recently, he has been allowed to call himself the richest human being in the world with $200 billion worth.
However, Tesla’s competitors do not sit still at all. For example, the American car manufacturer General Motors has big plans with new electric models. Automakers are also working on the electric road in Europe.