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Tesla Shares Worth $1,250 in Top Scenario, Wedbush Says

  • Wedbush analyst raised his price target on EV demand in China
  • Says electric car sales could make up 10% of total by 2025
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Photographer: David Paul Morris/Bloomberg

Tesla Inc.’s stock could touch $1,250 in a bull-case scenario as consumer demand for greener cars surges in China, Wedbush analyst Dan Ives wrote in a Jan. 14 note.

Ives raised his price target for Palo Alto, California-based Tesla to $950 a share from $751 to reflect the stronger demand for electric vehicles. Shares in the world’s leading maker of EVs soared 743% last year and are currently trading at $845. Chief Executive Officer Elon Musk is now the richest person on Earth.