image: REUTERS/Damir Sagolj

Model 3 price hype helps Tesla shares bounce

May 21, 2018

Via: Reuters

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.

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