On track to hit another record high, Tesla’s shares have shot up nearly 9% in premarket trading today after Joe Osha, one of the most bearish Wall Street analysts at JMP Securities, boosted his price target on the company to a Wall Street high of $1,500 (via Seeking Alpha).

The bullish upgrade from JMP comes after the electric car maker reported Q2 deliveries that exceeded analysts expectations last week. The analyst believes sales volume at Tesla will catch up with the expectations implied by the current share price if it continues its impressive performance during the pandemic.
Osha forecasts that the company will reach $100 billion in revenue in 2025, deliver 2.5 million units, and have an EBITDA margin of 20%.
“If the company can manage 90K units during an extraordinarily challenging quarter, there is no reason that TSLA cannot be shipping 130K to 140K units a quarter by the end of the year in our opinion,” said Osha, adding “that puts TLSA on a trajectory to ship 757K units in 2021.”
Tesla’s stock has soared almost 26% over the previous four days, the last three of which produced record closing prices.
Other articles in the category: Tesla
‘Tesla Android’ CarPlay Hack Brings iOS USB Tethering, Android 13 to Tesla
Developer @Michael Gapiński has updated his 'Tesla Android’ Apple CarPlay workaround to version 2023.4.1, adding tons of new features, including USB tethering for iOS and Android 13. According to the folks over at Tesla North, the update also includes improvements to the Flutter App’s performance and CarPlay running on the required Raspberry Pi 4 hardware. “I...
Tesla Plans 60,000 Sq Ft Showroom and Service Center in Hamilton
Tesla is planning to open a 60,000 sq. ft showroom and service center in Hamilton, Ontario at the CF Lime Ridge shopping center, The Hamilton Spectator is reporting (via Tesla North). The multi-million-dollar investment will see a former retail center reworked into a Tesla storefront and service center. Mall owner Cadillac Fairview will reportedly present...
Tesla Cuts Prices Up to 20% in Canada, Model 3 Qualifies for Federal Rebate Again
Tesla on Thursday rolled out some pretty steep price drops for its electric vehicles (EVs) in Canada, along with the U.S. and several European markets — reports Tesla North. The news comes after Tesla cut prices in China, South Korea, Japan, Singapore, Australia, and New Zealand earlier this week. In Canada, the automaker slashed sticker...