Tesla Bull Says Stock Will Rise 133% by This Time Next Year

By CCN Markets: Despite the performance of Tesla’s stock this year, there’s no shortage of TSLA bulls. Even though the stock has lost around 25% of its market cap year-to-date, Alexander Haissl of Berenberg told CNBC he is looking for a price target of $500. The stock is currently hovering at $214. “We maintain our bullish view on Tesla and see no reason to walk away from our price target of $500. Demand worries are overblown, as the Q1 volume weakness was largely self-inflicted by logistic problems, uncertainty about store closures and changing pricing structure, and not indicative of the

The post Tesla Bull Says Stock Will Rise 133% by This Time Next Year appeared first on CCN Markets

source https://www.ccn.com/opinion/tesla-bull-says-stock-is-headed-for-500-by-this-time-next-year/2019/06/15/

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