Tesla Inc. shares eclipsed $1,000 for the first time ever on Wednesday as ramping demand for the company’s Model 3 in China led Wedbush analysts to tout the “massive”‘ market opportunity and its ongoing battery efforts.
Further demand for electric vehicles in China paired with the easing of lockdowns in both the U.S. and much of Europe and the potential for “game-changing” battery developments at a company event planned for this month signal shares can move higher, Ives wrote.
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