Tesla stock outperform rating raising price target to $350 from $310 - Wedbush

$Tesla(TSLA.US)$ Tesla Inc. is poised to join the trillion-dollar club next year, defying growing Wall Street skepticism regarding electric vehicle demand, according to Wedbush analyst Dan Ives.
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Ives reiterated the outperform rating he’s had on the stock for years, raising his 12-month price target to $350 from $310. The new target implies a market capitalization of $1.11 trillion at current share counts.
The longtime bull on Tesla TSLA said the bear case on the company was that demand was eroding at a time when competition around the world was increasing. “Instead, Musk made a poker move for the ages and cut prices globally with China front and center to catalyze volumes/units which should now impressively be in the 1.8 million range for 2023,” the prolific analyst wrote in a note to clients.

Tesla is now doubling down with Cybertruck and we expect another sub $30k vehicle to be announced over the next 6 to 9 months.”

Tesla stock outperform rating raising price target to $350 from $310 - Wedbush

Source:

Tesla's stock can rise to $1 trillion market value in 2024, analyst says - Market Watch

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Silverbat : It should be more than 350 when moon base established.

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