The rally got added fuel this month from Tesla’s report that it delivered 367,500 vehicles in 2019. “Any time a consumer thinks about an electric vehicle, they don’t think about an electric vehicle made by Ford or G.M. The name that always pops into their mind immediately is Tesla, so it has instant name recognition.”In Tesla, Mr. Selesky sees a company that has reined in operating costs and research-and-development costs and brought a Shanghai factory online faster than expected. Tesla’s recent performance has given confidence to analysts like Mr. Selesky, whose longer-term target price for the stock is $556. Colin Rusch of Oppenheimer is among the more optimistic Tesla analysts, having raised his 12-to-18-month target stock price this month to $612.

Source: New York Times January 29, 2020 07:52 UTC