Tesla Stock Hits New High as Price Target Jumps to $200; Market Cap Now Nearing $22 Billion
On word that the target price for Tesla stock is now solidly at $200, TSLA shot up again today.
Deutsche Bank modified its price target for Tesla from $160 to $200. Deutsche Bank says it increased its price target on Tesla because it expects the automaker to beat gross margins on its next quarterly report.
After opening at $170.80, TSLA stock prices hovered around $179 for most of the day, but hit an all-time high of $179.69 just prior to this article being published.
Tesla’s market cap is now approaching an astronomical $22 billion.