Tesla (TSLA) PT at Wedbush raised to 560 USD, Bull case raised to 1000 USD - search results

. . Tesla Inc (NASDAQ: TSLA) is projected to hit its target of millions of delivery units by 2023, with 2022 not ruling out, Wedbush Securities said - and its bull-case price target for the automaker from 800 to 1. Raised $ 000. The Tesla analyst: Daniel Ives gave the Elon Musk-led company a neutral rating and raised the price target from USD 500 to USD 560. The Tesla Thesis: Ives noticed the steeper acceptance curve for electric vehicles over the next 18 to 24 months, with both Europe and China propping up growth. The analyst called China a "greenfield market opportunity for electric vehicles". Wedbush believes total EV sales in the region may double over the next several years as demand for EVs in all price ranges has pent up. "While Tesla's Shanghai Gigafactory footprint represents a" huge competitive advantage "according to Ives, BYD Company Limited (OTC: BYDDF), Nio Inc (NYSE: NIO), Nio Inc (NYSE: NIO), can benefit from the dramatically growing demand over the years Benefit in 2021 and 2022. XPeng Inc (NYSE: XPEV) and Li Auto Inc (NASDAQ: LI). Europe's increasing impetus to reduce its carbon footprint alongside the European Union's "regulatory catalysts" will likely focus consumers more on electric vehicles, particularly in France, Germany, Italy and the UK, the analyst said in a press release. "Tesla's Berlin factory has taken an important step in the right direction to increase margins and simplify logistics / delivery across Europe," Ives wrote. The Wedbush analyst also believes that an in-depth Joe Biden administration could potentially increase tax credits and incentives for electric vehicles in the U.S. and encourage the adoption of electric vehicles domestically from next year, which would be positive for Tesla. Price action: Tesla shares closed at 1. 9% lower at $ 489. 61 on Friday and won 0. 2% in the meeting after business hours. See Also: How 2020 Presidential Election Could Affect EV, Auto StocksLatest Ratings For TSLA DateFirmActionFromTo Nov 2020Morgan StanleyUpgradesEqual-WeightOverweight Nov 2020B Of SecuritiesMaintainsNeutral Oct 2020CitigroupMaintainsSell See More Analyst Ratings For TSLA, Says Times' Here's Latest Analyst Ratings * Wild from Benzinga Elon Musk as Tesla, SpaceX Combined Valuation shoots 0B * GM Ups EV game but doesn't bow to Wall Street's demands on spin-off Unit (C) 2020 Benzinga. com. Benzinga does not offer investment advice. All rights reserved.