New for subscribers: Piper Sandler hikes Tesla price target to $928, highest on Wall Street Check out CNBCPro and get your first 30 days free.
Piper Sandler raised its price target onto a street high, saying the electric automaker's push into other areas of clean energy will drive the stock higher.
The firm's analyst Alexander Potter raised his price target to $928 per share, up from $729. That is the highest near-term target among major analysts, but is below where the stock peaked during its rapid rise earlier this month. The stock was trading at roughly $917 per share in the premarket on Wednesday, about 1% below Piper's target and roughly 7% above where shares closed on Tuesday.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Environmental review threatens construction of German Tesla plantElon Musk’s first electric car plant in Europe faces a possible delay while a court mulls environmentalists' challenge over clearing forest for Tesla.
Read more »
Court asks Tesla to temporarily stop cutting down trees at site of 1st European GigafactoryAfter legal complaints from an environmental group, a court in Germany has ordered construction at the site of Tesla's first European Gigafactory be temporarily halted.
Read more »
Exclusive: Tesla in talks to use CATL's cobalt-free batteries in China-made cars - sourcesEXCLUSIVE: Tesla in talks to use batteries from CATL that contain no cobalt, one of the most expensive metals in electric vehicle batteries, in cars made at its China plant - sources
Read more »
Bill Gates bought himself a Porsche over a Tesla — and Elon Musk just called him 'underwhelming'After Gates said he bought himself an all-electric Porsche Taycan, Tesla's CEO took to Twitter to throw shade at the Microsoft co-founder.
Read more »
Renaissance Technologies may have made $1.5 billion from Tesla stock - Business InsiderA famous hedge fund bought Tesla stock before it surged 91% this year. It potentially raked in over $1.5 billion from the bet.
Read more »
Morgan Stanley raises its 'bull case' on Tesla to $1200Morgan Stanley's most optimistic scenario would mean that the Tesla rally continues, with shares climbing another 50%.
Read more »