Wedbush confident on Tesla ahead of earnings

Jan. 22, 2020 7:01 AM ETTesla, Inc. (TSLA)TSLABy: Clark Schultz, SA News Editor244 Comments
  • Wedbush lifts its price target on Tesla (NASDAQ:TSLA) to $550 on confidence the EV automaker will guide high for 2020 deliveries amid strong demand in China
  • "We believe the China opportunity is worth at least $100 per share ($300 in a bull case scenario) and potentially more and remains the key fuel in the growth engine along with Europe Model 3 demand, which looks healthy from a pent up demand perspective through at least the next 3-4 quarters based on our analysis," writes analyst Dan Ives.
  • The bull case price target on Tesla from Ives and team is $900.
  • Tesla is due to report earnings next week.
  • Shares of Tesla are up 3.53% premarket to $566.49.

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