• The shares of Tesla Inc (NASDAQ: TSLA) recently received a bullish $250 price target. These are the details.

The shares of Tesla Inc (NASDAQ: TSLA) recently received a bullish $250 price target.

Price target: $250

Rating: Buy

Source: Deutsche Bank

Deutsche Bank analysts adjusted the rating ahead of the Investor Day event on March 1. And the Deutsche Bank analysts pointed out that they believe that increased clarity over the long-term trajectory for Tesla’s global operations, volume growth, and scale and cost of Tesla’s next-generation models could reinforce the bull case for the stock.

Plus the analysts noted that if Tesla could demonstrate a credible path towards a much lower cost of the next platform, then it would reinforce considerably its competitive advantage, deepen the moat around the product, and clear a path for multi-million unit deliveries before the end of the decade.