Tesla Stock Will Surge 27% to $500, According to This Analyst
Tesla's (NASDAQ: TSLA) new battery technology promises to accelerate the growth of the electric-vehicle market and widen its lead over its rivals. On Wednesday, Rosner raised his rating from Tesla's shares from hold to buy and boosted his price forecast from $400 to $500. Rosner applauded Tesla's goal of slashing its battery costs by more than half in the next three years, which he says could significantly improve its sales volumes and profit margins.
