- Tesla’s inclusion in the S&P 500 and its “sustained path to profitability” means the bull story is now all about an acceleration in demand for electric vehicles, according to a note from Wedbush.
- As global demand for EVs hits a tipping point, Tesla could surge 104% in a bull-case scenario to $1,000, Wedbush said in the note.
- “New designs around Cybertruck and Model Y will further aid growth globally and thus enable Tesla to achieve its million delivery units likely by 2023,” Wedbush said.
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An inflection point in global demand for electric vehicles will propel Tesla to $1,000 in a bull-case scenario, representing potential upside of 104% from Friday’s close.
That’s according to Wedbush, who said in a note on Sunday that Tesla’s inclusion in the S&P 500 and its “sustained path to profitability” means the bull story