(Bloomberg) — Recent data from China and Europe suggest to Wedbush that the turnaround in Tesla Inc. may be real.Wedbush analyst Daniel Ives raised his price target on the stock to $370 from $270, saying strong Model 3 consumer demand and profitability are on an “upward trajectory for the fourth quarter.”“Both U.S. consumer demand for Model 3 and most importantly European strength should likely drive upside this quarter and enable Tesla to comfortably hit its vehicle delivery guidance of 360,000 to 400,000 units for 2019,” Ives wrote in a note to clients. The analyst added that Tesla’s Shanghai Gigafactory is …read more
Source:: Yahoo Finance
