Deutsche Bank raised its TESLA PT from $1,000 to $1,200 maintaining his Buy rating.

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Deutsche Bank Analyst Emmanuel Rosner raised TESLA price target, saying the world’s shift to electric vehicles could help “extend Tesla’s EV lead considerably.”

The stock price target was raised to $1,200 from $1,000. After Wedbush and Jefferies analysts raised their price targets on Tesla to $1,400, Piper Sandler’s target is $1,300. The stock has risen 52% in 2021 with only one trading day left.

Deutsche Bank said it continues to believe that:

“Tesla’s trajectory for its battery technology, capacity and especially cost could help accelerate the world’s shift to electric vehicles and extend Tesla’s EV lead considerably.”

Deutsche Bank Analyst
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The analysts said 2022 could be a “pivotal year for Tesla’s future growth and profitability” citing the ramp-up of two new assembly plants, one in Berlin and the other in Austin, Texas, among other catalysts.

Deutsche Bank raised its estimate on Tesla’s fourth-quarter deliveries to 282,000 units from 268,000, reflecting stronger Model 3 and Model Y deliveries in China. The analysts boosted their fourth-quarter revenue estimate at the EV giant to $16.1 billion from $15.4 billion based on higher volumes. Per-share earnings were lifted to $2.46 a share from $2.22.

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