Tesla stock reached the $150 mark for the first time last month and was given a major boost after the electric vehicle maker founded by Elon Musk ten years ago announced its Model S received the highest crash test rating ever given to a passenger car by the National Highway Traffic Safety Administration (NHTSA). The launch of Tesla’s Holland-based European arm and the inauguration of the first six Supercharger stations in Norway also helped boost the automaker’s stock.
Analysts are split on whether Tesla shares will continue to rise and reach the coveted $200 mark, stay steady or drop in value when the bubble bursts. Deutsche Bank has issued a buy rating for the company and indicated shares might reach $200 in the near future, but Morgan Stanley advised investors to keep their current shares and not buy any more until further notice.
Tesla closed at $183.39 last night. Proving nearly every market analyst wrong, the automaker’s shares have increased by 442 percent in the last twelve months.<![CDATA[
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