Tesla bear admits mistake after missing 1,200% rally, raises price target to $700

Teslarati
By Simon AlvarezJan 7, 2021, 9:03 am136 pts
A longtime Tesla (NASDAQ:TSLA) bear has admitted his error after missing the electric car maker’s 1,200% rally since early 2019. In a recent note, RBC Capital Markets analyst Joseph Spak reevaluated his view on Tesla, boosting his price target from $339 per share to $700 per share. He also lifted Tesla’s…

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