The only way for Tesla to go still seems to be straight up, especially after Elaine Kwei, an analyst for the Jeffries Group raised her per share target for the company, from $70 to $130. This alone reportedly caused an increase of 9.2 percent in share prices when the market closed, with a Nasdaq value of $117.18 and a peak during the day of $117.77.
Kwei also increased other estimates, including that for yearly Model S production that went up from 19,800 units to 21,500, as well as her Q2 output prediction, from 4,500 units to 5,000.
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