Jefferies: Tesla becomes an "omnipotent energy company" and can rise by nearly 40% within a year

$Tesla(TSLA.US)$ Although Tesla CEO Elon Musk is quickly dumping the company’s stock recently, a senior Wall Street strategist predicts that Tesla’s stock price will rise another 38% in the next 12 months. And recommend investors to buy.

Philippe Houchois, an automotive analyst at Jefferies, the US investment bank, gave the most optimistic estimate of Tesla's 12-month target price of $1,400.

Houchois believes that Tesla will continue to rapidly expand production and maintain a strong profit margin to better compete with traditional car companies. He also said that in the future, Tesla may even become an "omnipotent energy company", just like Amazon becomes an "omnipotent store".

Article excerpted from the US Stock Research Agency