Tesla (TSLA) – Get Report stocks rose on Monday as analysts continued to expand their expectations for even better days from the electric automaker ahead of fourth quarter earnings

In a statement to customers on Monday, Baird analyst Ben Kallo raised his price target for Tesla from $ 488 to $ 728 per share and said, “The stock’s bias remains up”

“He has an outperform rating on the stock

Wedbush Securities analyst Dan Ives, meanwhile, sees a “goldilocks” environment for technology stocks with the Biden administration, including Tesla, which Ives and other analysts see as a benefit of Biden’s promise to look to clean and renewable energy sources focus

Tesla is expected to post approximately $ 1 billion in earnings, or $ 104 a share on sales of $ 10.5 billion after market close on Wednesday, based on a FactSet poll of 22 analysts, which equates to a profit of $ 143 million, or 43 cents per share and revenue of $ 74 billion in the year-ago quarter

Expectation that Tesla will continue to benefit from tailwinds related to electric vehicle demand, as well as support for consumers moving away from combustible engines earlier this month, led Ives to lower its most optimistic price target scenario for Tesla to Jan.To raise its one-year price target from USD 751 to USD 950

This optimism may also have been behind spokeswoman Nancy Pelosi’s move to place bullish bets worth up to $ 1 million on Tesla stock

Pelosi bought 25 call options on Tesla stock with an exercise price of $ 500 and an expiration date of Jan. She – or more likely her husband Paul Pelosi, who runs an investment firm – announced on March 22, 2022, according to a financial disclosure form filed last week December 2020 between 500001 and $ 1 million for purchases from

Tesla shares rose 218% to $ 86507 in trading on Monday. The stock is up more than 100% since the company last reported earnings in October 21

Tesla Stock, TSLA, Tsla Stock

World News – USA – Tesla wins as analysts see more upside potential ahead of earnings

Source: https://www.thestreet.com/investing/tesla-tsla-analysts-upside-earnings