1 Wall Street Analyst Thinks Tesla Stock Is Going to $400. Is It a Buy?

Tesla (NASDAQ: TSLA) shares have been on quite a roll since the U.S. election on Nov. 5. CEO Elon Musk has become a confidant to President-elect Donald Trump, and investors feel future public policy on electric vehicles (EVs) could give Tesla a major boost.That is what has investors continuing to pile into Tesla stock. With another big gain to start this week's trading, Tesla shares have now soared by more than 30% since Election Day. And one Wall Street analyst thinks there's more to come.In a new report released by Wedbush analyst Dan Ives, he said that Tesla is now on a path that could bring big gains to investors. He rates the stock a "buy" and thinks shares are worth $400, reports Barron's. That would represent a gain of nearly 25% from last Friday's closing price.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool