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.
