SpaceX Now Reportedly Valued at Over $100 Billion Following Secondary Share Sale This Week, Elon Musk's Stake Likely Worth Over $43 Billion

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Wedbush Expects Tesla (TSLA) to Start Producing EVs in Berlin Next Month, Will Remove a Major Bottleneck Together With Austin

October 11, 2021 11:31 AM EDT

Wedbush analyst Daniel Ives believes Tesla (NASDAQ: TSLA) should start manufacturing at its new Berlin gigafactory over the next month.

The analyst expects the Berlin introduction to remove a major bottleneck for Tesla, hence he reiterated an Outperform rating and a $1,000.00 per share price target. Moreover, Elon Musk recently announced that Tesla will move its HQ from California to Texas, and Ives expects Austin to become an epicenter of Tesla's capacity buildout as... More