Shares in Tesla Inc (TSLA.O) jumped more than 4 percent on Monday as investors were encouraged by the company’s placing a $78,000 price tag on the fully-loaded version of its Model 3 sedan.
Separately, research firm Berenberg raised its price target for Tesla shares to $500 from $470, saying the company’s margin targets for the car were now reality and not just a hope.
Berenberg’s earlier forecast was already the most bullish on Wall Street and compares to the company’s current stock market price of $288, which is down around $100 dollars from last September’s peak.
