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Benzinga

Business

Evette Mitkov

Tesla Stock Is Rallying Today: What's Behind The Move?

Tesla Inc. Evercore ISI Shanghai

Tesla Cybertruck

Tesla Inc (NASDAQ:TSLA) shares are trading higher on Monday after Evercore ISI raised its price target on the stock. The company also reportedly increased production at its Shanghai facility.

What Happened: Evercore ISI analyst Chris McNally maintained an In-Line rating on Tesla while raising the price target from $235 to $300.

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