TSLA – Tesla Stock is once again mobilizing and pushing new all-time highs as Wall Street analysts scramble to adjust. The performance of the automaker’s stock is not getting much better in 2020 than this.

TSLA: Tesla Stock Rallies to New All-Time High as Wall Street Adjusts
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As far as writing is concerned, TSLA is up over 200 percent year-to-date and over 250 percent since its low back in March during the outbreak. With another rise of more than 8 percent this morning, following the better-than – expected Q2 delivery results, Tesla’s stock is up more than 30 percent in the last week alone.

Tesla is helped by today’s way up the overall market, but now the manufacturer is up more than 10 percent and hitting new highs of over $1,300 a share.

The stock seems to move higher thanks to JMP Securities analyst Joe Osha, who raised his target price on the stock from $1,050 to a new high of $1,500 on Wall Street.

Q2 deliveries came over his guesstimate and now he sees Tesla reaching revenue of $100 billion in 2025:

TSLA delivered significant upside to our estimates and the consensus outlook for 2Q20 deliveries, reporting a total of 90,650 units as compared to our estimate of 73,800 and the consensus figure of 70,300. All of the upside appears to have come from Model 3 and Model Y deliveries, which the company reports jointly. We reiterate our Market Outperform rating and raise our price target to $1,500 (from $1,050). Our target is now based on our belief that TSLA is positioned to become a $100bn company with 20% EBITDA margins by 2025, with that outcome discounted back to the present.

TSLA: Tesla Stock Rallies to New All-Time High as Wall Street Adjusts
Source: Christopher Lyzcen / Shutterstock.com

The highest Tesla price goal has changed hands on Wall Street three times over the last month as analysts try to keep up with Tesla’s historic streak. A short squeeze could also support Tesla’s stock.

Short interest expert Ihor Dusaniwsky forecasts that it is this year alone that people cutting Tesla’s stock are down more than $20 billion.

Tesla CEO Elon Musk has been taunting people over the last few days who shortened Tesla — triggering the release yesterday of real portable short shorts.

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