stock was down about 7% early Thursday on Wall Street, its shares are up by nearly 450% so far this year, compared with a roughly 30% rise in the broader NASDAQ index.
"This is a stock that still has a lot more room to go, even though the haters continue to hate as the stock moves higher," Ives said of Tesla's shares. The combination of a million-mile battery, a focus on price-parity relative to traditional automobiles and third-party battery suppliers, and strong demand from China would help push its stock higher, Ives said.
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