Tesla Inc TSLA shares are trading higher by 3.37% to $201.90 Friday morning. Strength may be related to the company's upcoming first-quarterdeliveries report, which is expected Sunday.

See Also:Tesla Analyst Predicts Q1 Deliveries Beat As Price Cuts Help Snare Market, Mind Share In China

Wedbush Expects Q1 Outperformance

Daniel Ives has an Outperform rating and a $225 price target on Tesla shares.

Since the price cuts for Model Y/3 vehicles announced early this year, demand has been robust, led by the key China region, Tesla analyst Dan Ives said in a note. He added that this should help the company achieve a volume of 420,000 units this quarter, with potential for upside depending on logistics around deliveries this week…Read More

According to data fromBenzinga Pro, TSLA has a 52-week high of $384.29 and a 52-week low of $101.81.

Articles You May Like

Mobile phones to be banned in schools in government crackdown – despite most already having policy
Trump set to make surprise appearance at fraud trial as he argues his rivals are ‘out to get him’
Tesla expands Magic Dock Superchargers for non-Tesla electric cars in the US
Chinese EV leaders BYD and NIO achieve record EV sales as price war looms
Rugby World Cup 2023 Week 4 preview, lineups, predictions