Market Crazy: Analyst Sets New Tesla Target Price At $1900 Per Share

Tesla recently received a strong vote of confidence from Wedbush Securities, with analyst Dan Ives raising the company’s price target to $1,900 per share. In a note, the analyst outlined several key factors that could benefit the electric car maker, from its next-gen battery tech, the potential of Gigafactory Shanghai in China, and strong demand for its vehicles in the third quarter. 

The Wedbush analyst emphasized that EV demand in China is starting to accelerate once more, and this could play to the benefit of Tesla, whose locally-made Model 3 is proving to be quite popular among the country’s mainstream electric car buyers. With this in mind, Ives explained that Gigafactory Shanghai could very well be Tesla’s “linchpin” of success.

ctsang - 8/17/2020 1:23:22 PM

+1 Boost

where are the shorters?

carloslassiter - 8/17/2020 1:37:06 PM

+1 Boost

Technically speaking, the shorters took it in the shorts.

CANADIANCOMMENTS - 8/17/2020 2:29:57 PM

+1 Boost

10:1 split coming up..

mre30 - 8/18/2020 1:51:35 PM

+1 Boost

This split is being done to juice the small retail "Robin Hood" investors which drive the momentum.

Stock will definitely go down after the split.

There is probably also a sizable subset of unsophisticated retail investor 'dim-bulbs' who own Tesla and don't understand how the stock split works.

They will wake up, see that TSLA is $300 a share, think it crashed, and then puke it out. The idiocy of many Americans continues to shock me. Curious to see what happens.

skytop - 8/17/2020 5:04:17 PM

+1 Boost

Big deal. It closed at 1835 today.

USNA1999 - 8/17/2020 6:55:16 PM

+1 Boost

I am still holding my 50 shares since they are a long term investment but I think we will be dropping after the split.

USNA1999 - 8/17/2020 6:57:34 PM

+1 Boost

Added a 100 shares of NKLA too but none of NIO.