On July 13th, Piper Sandler raises Tesla (NASDAQ: TSLA) price target to $2,322 per share from $939. In the recent release note, the analyst highlighted "It's hard to see how competitors can catch up; Tesla's own capacity is the biggest constraint to share gains" Also inside the same note, "Software, the reason why mid-20s operation margin is possible."

Piper Sandler analyst thinks Tesla's original 2020 delivery guidance of 500K+ units might still be in play.   

* PIPER SANDLER RAISES PT ON TESLA TO $2,322$TSLA pic.twitter.com/Eoh3bJCEl8

— David Tayar (@davidtayar5) July 13, 2020