Tesla surges toward another record high

Tesla (TSLA.US) stock jumped over 6.2% in premarket trading aftter JMP Securities lifted price target from $1,050 to $1,500 per share. JPM believes that Tesla  is able to achieve $100 billion in annual revenue by 2025.

 

Tesla stock soared 189% percent this year, finishing at a record high $1,208.66 apiece on Thursday, a day after the company posted better than expected deliveries numbers despite having to shut factories due to the COVID-19 pandemic.

Tesla (TSLA.US) -  stock has soared 25.9% amid a 4-day win streak through Thursday, which included three-straight record closes. In case a profit taking occurs and downward correction starts, one should focus on two levels. The first local support can be found at $1132.83 per share while the second key level is located at $956.94 per share. Source: xStation5

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