Tesla Stock Could Surge 104% to $1,000, According to This Analyst

Danny Vena, The Motley Fool
·2 min read
Tesla Stock Could Surge 104% to $1,000, According to This Analyst

Shares of Tesla (NASDAQ: TSLA) have already soared nearly 500% so far in 2020 but will surge to new all-time highs in the coming year. On Monday, Ives raised his price target on Tesla's stock from $500 to $560 but presented a bull case that envisions the stock more than doubling to $1,000. Ives cited several recent achievements by Tesla, including its inclusion in the S&P 500 Index and the company's "sustained path to profitability" as helping continue Tesla's momentum.