Tesla Inc. TSLA,
Wedbush analyst Dan Ives may achieve its goal of delivering 500,000 cars in 2020, and this goal does not go back to the end of spring/early summer by Wall Street analysts, thanks to the strength of China and the late push of the European and American markets. Released on Wednesday Reads in the note. Ives wrote: “Based on our preliminary analysis of Tesla’s demand and global delivery trajectory in the fourth quarter, Musk is likely to easily exceed Wall Street and internal expectations.”
And Li Auto Inc. LI,
Also “ignite on all cylinders.” He wrote: “If China continues to follow Tesla’s status quo, by 2022, Musk’s global delivery volume will reach 1 million vehicles (currently, we are simulating the timetable for 2023).” Another one The boost can be sent under the management of President-elect Biden to increase EV credits, he said. Wedbush rated Tesla’s stock as neutral and set its 12-month price target at $715 and the bull market at $1,000. Tesla’s share price reversed its pre-IPO loss, rising by 1.1% and rising by 696% in 2020, while the S&P 500 SPX,
An increase of 15%.