News Snapshot:
Wedbush analyst Dan Ives has adjusted Tesla Inc‘s TSLA 12-month price target post a 3:1 stock split and after factoring in “improved production” from the company’s China Giga factory. The Tesla Analyst: Ives adjusted the pre-split 12-month $1,000 price target, which works out to be $333 post split, to $360. Wedbush maintained its “Outperform” rating on the Elon Musk-led company. See Also: How To Buy Tesla (TSLA) Shares The Tesla Thesis: The price target upgrade from Wedbush factored in the 3:1 split but Ives also said in a note, seen by Benzinga, that he’s noticed “unprecedented Model Y production in...
