Analyst: Tesla shares are expected to rise another 65percent to $2000 in the next 12 months

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 Analyst: Tesla shares are expected to rise another 65percent to $2000 in the next 12 months


In the view of analysts, the strong demand for model 3 in important markets and the demand for model y, which was launched in March last year and started mass production and delivery in the first quarter of this year, will drive Teslas share price up sharply in the next 12 months.

Dan ives, an analyst at investment bank wedbush, expects Tesla shares to continue to rise sharply in the next 12 months.

In a report last week, Dan Ives gave Tesla a a target price of $2000 for the next 12 months, which is $791.34 higher than last Thursdays close of $1208.66, and will rise by more than 65%.

The sharp rise in the stock price means that Teslas market value will be greatly improved. At Dan Ives target price for the next 12 months, Teslas market value will reach $370 billion, up $145.8 billion from $224.2 billion at the end of the latest trading day.

Dan Ives also stressed in the report that the strong demand of Chinese consumers for model 3 will drive Teslas share price up, and that Chinese consumers demand for model y will increase. The growth from the Chinese market may drive Teslas share price up to $300 to $400.

Extending reading France: not completely banning Huawei 5g devices, but encouraging operators to not try and turning over? British media say the UK will rule out Huaweis 5g network construction within the shortest year, and Vietnam has produced its first 5g smartphone. It has not disclosed when it will be sold. Source: techweb editor in charge: Qiao JunJing_ NBJ11279