Biggest fan Tesla sets bar first above $ 1000 | Financial

According to Rusch, who previously had a price target of $ 486, Tesla emphasizes that as a growth stock, Tesla will reap the benefits of the extensive stimulus measures. He also points out that Tesla is expected to take the lead in the development of technology for self-driving cars.

The Tesla stock already had a wonderful ride last year with a record of $ 880 last Thursday. Investors are especially looking forward to the quarterly figures that founder Elon Musk’s company will show.

Competition

Earlier this month, investors responded enthusiastically to Tesla’s report that production targets for last year have almost been achieved despite the corona disaster. The focus this year will be on, among other things, the construction of the super factory in the German capital Berlin and further expansion in the growth market China.

The excellent course of affairs at Tesla has certainly benefited major shareholder Musk. Recently he can call himself the richest person in the world with a fortune of $ 200 billion.

However, competitors of Tesla are not sitting still. For example, the American car manufacturer General Motors has big plans with new electric models. Automakers in Europe are also working hard on the electric road.

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