Tesla Surges Above $500, Leaving Analyst Targets in the Dust
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Tesla Inc. shares rose above $500 for the first time on Monday as Wall Street analysts played catch-up with the electric-vehicle maker’s share price, which has doubled from October.
Oppenheimer & Co. analyst Colin Rusch raised his price target on the stock to a Street-high $612 from $385 on Monday, saying that after many initial stumbles, Tesla has “reached critical scale sufficient to support sustainable positive free cash flow.”