Wedbush analyst Daniel Ives raised the firm’s price target on Tesla to $350 from $310 and keeps an Outperform rating on the shares. The analyst has an increasingly bullish view of further electric vehicle share gains and margin stabilization in 2024 for Tesla. The company will reach a $1 trillion market capitalization in 2024 despite growing skepticism by the Street, the analyst tells investors in a research note. The firm says Tesla is now raising prices in China and seeing steady demand in the region.
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