Tesla’s stock rises after raising Webbash’s Eves target to $ 500

Tesla Inc. Shares TSLA,
-2.05%
Bookings traded up 1.7% on Monday, after Weidbush analyst Dan Yves raised his price target this weekend over electric vehicle manufacturer’s third-quarter earnings report. Eves reaffirmed his neutral rating since April 2019, but raised his price target from $ 5,755 to $ 500. “[W]I hope Tesla’s improved productivity and the success of the Ziga 3, which shines in China, will be on full display this weekend and will lead to another strong downhill performance that in our opinion should beat the street, “Eves wrote in a note to customers.” By the end of the year, in terms of overall unit demand, we believe Tesla is at an impressive pace with an area index of 500k units per year, a line in the sand that Tesla (and other auto players) dreamed of six months ago. , Up 46.5% over the past three months, while the S&P 500 SBX,
+ 0.01%
Received 8.0%.