Jefferies Sings Tesla Rises by 20%

Despite the news that Musk is considering selling the stock, Tesla's stock price fell nearly 5% on Monday. However, the investment bank Jefferies maintained its "Buy" rating on the stock on the same day and raised its target price from US$950 to US$1,400, which means that its stock price still has a 20% upside compared to the latest closing price. The highest target price for the stock.

Philippe Houchois, an analyst at the bank, said that with the accelerated growth of deliveries in the third quarter, Tesla today looks larger than most original equipment manufacturers and has the ability to reverse the traditional zero-sum game. In addition, Tesla's last two impressive performances and multiple competitive advantages may last longer than many investors believe.

Houchois believes that as the range and price of models gradually shift from high-end to mid-end market, and Model 2 is about to be launched, Tesla is expected to seize more market share from large car companies.

The bank believes that for Tesla, Hertz’s deal with Uber is a turning point, highlighting the increasing acceptance of electric vehicles in the mainstream market, and as other companies follow Hertz, Tesla’s annual There may be a rental market of 200,000 to 300,000 cars.