Wedbush analyst Dan Ives on Sunday significantly raised his price target on Tesla from $400 to $515 with a "buy" rating, which is also the highest price target currently on Wall Street. His "optimistic scenario" price target is higher at $650. The new price target pushes Tesla's valuation up to about $1.7 trillion, compared to about $2.1 trillion under the "optimistic scenario." Tesla shares jumped 6.1% to close at $463.02 on Monday, while the S&P 500 rose 0.4% and the Dow Jones Industrial Average fell 0.3%,...
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