Tesla price target raised to $185 from $160 at Wolfe Research

Wolfe Research analyst Rod Lache raised the firm’s price target on Tesla to $185 from $160 and keeps an Outperform rating on the shares following last night’s Q4 results. Tesla provided an "encouraging message" on growth and margins, while underscoring its competitive advantages that continue to widen, the analyst tells investors in a research note. The firm thinks "management overall struck the right notes" on the earnings call.