Tesla bulls are looking beyond its position in the EV market, expecting U.S. sales to grow as the market expands and hoping to gain traction in China.
The primary reason for Tesla's rising share value is its anticipated leadership in autonomous vehicles, which will require no driver action and could redefine the industry.
Wedbush’s target of $650 reflects the optimism surrounding Tesla’s growth, but even firms with conservative ratings may reassess as shares surge past existing targets.
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