Stifel’s Jamie Albertine told CNBC on Friday he upgraded shares of Tesla Motors (TSLA) based on production. Albertine’s $400 TSLA price target is the highest on Wall Street.
Tesla shares gained 2.50% in Friday trading to $227.82. TSLA’s 52-wk range is $136.67 to $291.42, and the medium consensus analyst price target is $299 with a high target of $400.00. Shares of Palo Alto, California-based electric car maker have risen 46.51% year-over-year and 51.45% year-to-date. Tesla ended regular trading this week with a market cap of $28.56 billion.