Stock Market News: Rivals Threaten Netflix; Tesla Charges Up

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A vote of confidence for Tesla

Shares of Tesla gained almost 3% after the electric vehicle manufacturer received favorable comments from analysts. Coming in the wake of a tough week for the automaker, Tesla investors appreciated the upbeat news.

Analysts at Exane BNP Paribas kept their outperform rating on Tesla stock, boosting their price target by $100 to a new level of $400 per share. The move comes just a couple months after Exane initiated coverage of Tesla with a $300 price target, which at the time was well above where the depressed stock was trading.

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