As Tesla's rapid expansion in China drove much of the analyst's present-day target, Ives pointed to the company's upcoming "Battery Day" as the next catalyst to push shares higher. The event is slated to reveal new "game-changing" battery technologies, including a cell that could last for one million miles.
The announcement could also reduce battery production costs closer to the key $100-per-kilowatt-hour level. Reaching the threshold would "give Tesla much more financial flexibility around pricing its current and future EV models" in line with gas-powered rivals, Ives added.Wedbush maintains a "neutral" rating on the electric-car company. Tesla traded at $1,003.09 per share as of 9:42 a.m. ET Wednesday, up 140% year-to-date.
And trillions in government subsidies and handouts. The stock that allows people to buy Government LARGESSE.
I love Tesla cars, and I can see stock price of $1,500 being a distinct possibility. I envisioned $900 9 months ago, based on my experience driving one. Now the price is $1,005.
Game changing battery, think robo-taxies !
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