Could Tesla Stock Rise to $515?

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One analyst thinks so. Here’s why.

Canaccord Genuity analyst Jed Dorsheimer became one of Tesla’s (NASDAQ:TSLA) most optimistic bulls on the Street on Thursday. The analyst boosted his 12-month price target on the stock from $375 to $515.

Here’s a look at why Dorsheimer is so bullish on the stock — and how better-than-expected deliveries on Friday and an update from the company on its production capacity at its new factory in China helped move the stock a step closer to this target.

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