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.

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