Bank of America significantly raised Tesla Inc‘s (NASDAQ:TSLA) 12-month price target from $350 to $400, maintaining a Buy rating as the investment bank bets on the company’s ability to balance strong near-term growth in electric vehicles with bold long-term plays in autonomous driving and robotics.
In a note to clients Thursday, analyst John Murphy highlighted his optimism following a recent visit to Tesla's Gigafactory in Austin, Texas.
