On April 30th, New Street Research increased Tesla (TSLA) the EV maker's price target from $800 to $1100 on the Game-Changing Gross Margin.
From the company note:
My bullish stance on $TSLA was that they could get to 25% gross margin by 2025. They just posted 25.5% for last quarter. I almost feel betrayed. What am I going to do in the next 5 years? 😂— Pierre Ferragu (@p_ferragu) April 29, 2020