Tesla Motors hit yet another gear Tuesday on Wall Street, jumping to record highs as an analyst predicted the company’s true value is far higher.
Tesla gained 5.3 percent from record prices set after a deal to expand infrastructure in China was announced Friday, with shares closing at $284.05. Tuesday’s improvement added to an increase of more than 20 percent in August, when optimism for the Palo Alto car company’s next all-electric offering, the Model X, helped provoke a record ride.
Tuesday’s catalyst was the most optimistic prediction yet for Tesla: Stifel Nicolaus analyst James Albertine predicted that Tesla shares will ascend to $400 thanks to its growth potential and the bullish nature of its backers.
“Tesla sentiment is like a freight train, in our view, benefiting from a well manicured growth story that has caught the eye of a much broader investor base relative to…
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