Re: $550>> approaching $100bil cap, almost = GM+F+FCAU
Wedbush analyst Daniel Ives said in a note to investors on Wednesday that he believes the company's fourth-quarter earnings and its guidance for vehicle deliveries will not disappoint investors when Tesla reports results later this month.
He believes there's robust demand for vehicles in China and Europe. Further, he is particularly bullish on the company's opportunity in China following the start of production at the company's Shanghai factory earlier this year. The opportunity for Tesla in the China market is worth $100 to $300 per share, Ives estimates.
The analyst boosted his price target for the stock to $550 -- up from a $370 price target previously