Tesla (TSLA) -) is on a roll.
The stock is up more than 125% year to date -- a jump that has done wonders for CEO Elon Musk's net worth -- and its earnings release last week showed that the company delivered more vehicles in the second quarter than it has in any other quarter in its history.
DON'T MISS: Tesla Posts Record Second Quarter Deliveries, Topping Street Forecasts
As a result, analysts have raised their expectations for the company, with Mizuho being the latest to raise their price target, according to Investing.com.
Analyst at Mizuho now have a $300 price target on the electric vehicle maker, up from $230 while also raising its third quarter revenue estimates to $23.9 billion from $23.1 billion and its EPS target to $0.86 per share from $0.83 per share.
Besides the strong previous quarter, Mizuho sees a bright future for the company due to its position as one of the few EV companies that has a global footprint.
Mizuho sees Tesla as the world leader in EVs for at least the next decade thanks to Gigafactories in Berlin and Shanghai with nascent plans to build another in Mexico.
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Tesla delivered a record 466,140 new cars over the second quarter, the company said in a Sunday statement, up 83.5% from a year earlier and 10.2% north of the 422,875 tally reached over the three months ended in March.
Analysts' forecasts for deliveries ranged from 440,000 to around 450,000, with Refinitiv pegging the March quarter target at 448,000.
Production rose 86% to 479,700 vehicles as supply chain disruptions and Covid-related closures at its Shanghai factory faded. Model 3/Y production was pegged at 460,211 units with Model S/X production at 19,489 units.
