Wedbush has provided a price target of $1,900, with the bull case price target scenario of $2,500. Its analyst Dan Ives believes that Tesla has been seeing robust demand for its electric vehicles, particularly in Europe and China. Bank of America also appears bullish over the future fundamentals of Tesla. The firm has upgraded its ratings for Tesla stock to Neutral from Underperform. Morgan Stanley has also lifted Tesla stock price ratings to equal weight from underweight. However, the bank has provided a price target of $1,360. Tesla has aggressively been working on accelerating its production and deliveries. The company has recently announced to expand its presence in European and Chinese markets with new factory openings. It is also looking to introduce new car designs in the coming days. This is evident from new job postings such as Senior Car Designer and Design Manager. Tesla has recently approved a five-for-one split of shares. Each stockholder will now get a dividend of four additional shares for each held share.
