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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (167328)1/20/2021 7:51:15 AM
From: Julius Wong  Read Replies (1) | Respond to of 217815
 
Tesla lands Street-high price target from Oppenheimer
Jan. 20, 2021 7:18 AM ET Tesla, Inc. (TSLA) By: Clark Schultz, SA News Editor 13 Comments

Oppenheimer boosts its price target on Tesla (NASDAQ: TSLA) as it points to even more upside as the automaker scales up.

Analyst Colin Rusch: "Given TSLA stock doubling again since November, we believe investors are grappling with where shares go from here. We believe bulls are betting on TSLA leading commercialization of autonomous vehicles technology. While we continue to have misgivings about risks related to TSLA not incorporating LiDAR into its vehicles yet, we believe the learning cycles enabled by having over 1M vehicles on the road is an extraordinary advantage. We continue to believe best practices in vehicle safety point to 6B test miles being necessary to validate L4+L5 ADAS. Assuming 12K miles driven/year per car, TSLA’s shadow mode data collection can reach that threshold in ~six months, years faster than competitors."

Oppenheimer increases its price target on Tesla to $1,036 from $486. The all-time high for Tesla is $884.49.