Tesla has advanced 6.5% after Wedbush analysts revised up its position in the company. The financial experts have raised their target price to $ 560, currently trading at around $ 518.
The target price increase is not the only prediction by Daniel Ives, the Wedbush analyst, if his estimates do not fail. Elon Musk's will reach $ 1,000 per share.
"With the sustained path to profitability and the inclusion of the S&P 500 Index achieved, Tesla's bullish story is now about an intensified demand trajectory for electric vehicles towards 2021", assures Ives.
"We are seeing a significant inflection in demand around the world, according to our expectations sales will go from representing 3% of the current total to 10% in 2025," predicts Ives. This change will "disproportionately" benefit the industry leader.
Since it became known on November 17 that it will become part of the S&P 500, their shares have soared by about 30%. In fact, they have only closed one session negative, that of November 20, when it fell 1.93%.