According to Wedbush analyst Dan Ives, Tesla Inc after German authorities allowed production at a new plant in Berlin. Overcame the “major overhang”.
Tesla’s famous bull, Ives, recognizes that stock prices are rising, emphasizing Tesla and Berlin’s “Gigafactory,” which is of paramount importance to its stock price.
According to Ives, the company’s Model Y is likely to be the “front line” of the factory in the next 12-18 months.
Currently, there is a 5-6 month delay between Model Y and specific Model 3 in different parts of the world, and Austin and the current Tesla plant in Berlin alleviate these problems and solve production bottlenecks. I pointed out how it can help you.
Wedbush believes that Tesla will increase its annual occupancy rate from 1 million in 2021 to 2 million in 2022.
The target price for Tesla shares in Ives is $ 1,400, almost 70% higher than Friday’s closing price of $ 838.
Tesla expects its Berlin plant to eventually produce up to 500,000 vehicles annually.
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