Can Tesla Stock Drive to $1,000?

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When Tesla (NASDAQ: TSLA) reported first-quarter deliveries last Friday, the U.S. market was unable to react since it was closed in observance of Good Friday. The figures easily crushed analyst expectations, despite the fact that production of the company’s flagship Model S and Model X vehicles has been halted, as Tesla is retooling those production lines for the refreshed versions that were announced earlier this year.

In the wake of the news, Wedbush analyst Dan Ives upgraded his rating on Tesla shares from neutral to outperform while boosting his price target from $950 to $1,000. Here’s what investors need to know.

The new Model S interior. Image source: Tesla.

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