Shares of Tesla Inc.
rose 1.3% to finish at a report $1,389.86 Tuesday, its sixth straight session of positive aspects. Earlier Tuesday, Adam Jonas of Morgan Stanley upped his price goal on the shares and got here out with a $2,000 “bull case state of affairs,” boosting the stock. As demand for Tesla autos continues, the corporate is on extra strong footing than different auto makers and can seemingly put up a GAAP revenue when it studies second-quarter outcomes subsequent month, the analyst stated. Tesla shares have been on a tear since final week, when the corporate reported better-than-expected gross sales numbers at the same time as coronavirus-related closures stored its sole U.S. car-making plant in California shuttered for many of the second quarter.