Jefferies boosts Tesla price target again, tripling it in two months

Tesla stock market

With Tesla’s 5-for-1 stock split just days away, one Tesla analyst has raised his price target for Tesla shares (TSLA) for the second time in just two months.

In June, Jefferies analyst Phillipe Houchois nearly doubled his price target for the electric automaker from $650 to $1,200, while maintaining a ‘buy’ rating for the stock.

Now Houchoise has once again raised his price target, this time more than doubling it from $1,200 to $2,500, with an upside scenario of $3,000.

Tesla shares were up over 1% in after-hours trading following the news.

Tesla shares August 25 2020

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Senior Contributor. White Long Range AWD Model 3 owner since October 2018. EV fan since 2012 with my first Nissan Leaf | Have a Tesla tip? Email, or DM us on Twitter @DriveTeslaca