However one Wall Street analyst is making the case that the stock nonetheless might surge one other 66% over the following 12 months to hit $2,000. To this point Tesla (TSLA) shares have risen an electrifying 189% this yr, pushed partly by a broader improve within the tech sector. Wedbush analyst Dan Ives mentioned in a report earlier this week that strong demand for Tesla’s Model three from Chinese language shoppers might assist enhance the stock. He dubbed the energy in China a “ray of shining mild for Tesla in a darkish international macro” setting. Ives famous that demand for Tesla’s newer Model Y SUV is beginning to ramp up in China, too. For these causes, he thinks that China’s development might add between $300 and $400 to its stock price.There’s a caveat although. Ives has an official price goal on Tesla of simply $1,250. His $2,000 name is a bull case. Every part has to go proper for Elon Musk’s firm.Nonetheless, at a price of $2,000 a share, Tesla would have a market value of about $370 billion. There are solely eight American corporations which are at present worth greater than that — Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Google proprietor Alphabet (GOOGL), Fb (FB), Warren Buffett’s Berkshire Hathaway (BRKB), Visa (V) and Johnson & Johnson (JNJ).Tesla’s stock has continued to climb due to wholesome gross sales for its pricier Model S and X autos in addition to the extra inexpensive three and Y models. However many different Wall Street analysts are skeptical of Tesla. The bear case for TeslaAccording to information from Refinitiv, solely 9 of the 33 analysts who cowl Tesla have a “purchase” score on it. Eleven have Tesla rated a “maintain,” and the remaining 13 are recommending that traders promote Tesla. The common price goal for all Tesla analysts is simply $710.47 a share.Tesla bears level out that the corporate has but to show it may be persistently worthwhile, which is the principle motive the stock isn’t within the S&P 500 but — regardless of its big market value.J.D. Energy additionally just lately famous that Tesla ranked final in its newest high quality rankings for main automakers. After which there’s Elon Musk. Whereas the Tesla CEO is hailed as a visionary by his followers, Musk’s detractors fear about his penchant for saying controversial issues on Twitter and up to date feedback suggesting that coronavirus issues are overblown.Some traders are also anxious a few mind drain at Tesla. A number of key executives have left previously yr and Tesla additionally doesn’t have a chief working officer to assist Musk.The dearth of a COO is worrisome to some analysts, particularly since Musk has many different enterprise pursuits that occupy his time, corresponding to SpaceX and his tunnel agency the Boring Firm.