'Ride the wave' in Tesla as stock climbs on $780 price target from Goldman Sachs, trader says

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Tesla can 'easily' climb to $650 a share in the next month or two, says Miller Tabak's Matt Maley.

on the stock to buy from neutral, citing accelerating electric vehicle adoption. The firm also raised its price target on the stock to $780, one of the highest on the Street.Though that brings Tesla's year-to-date gain to more than 600%, Goldman's price target is still "very achievable" on a longer-term basis, Matt Maley, chief market strategist at Miller Tabak, told CNBC's"I think you want to continue to ride the wave right now," he said.

That means there's a risk of the stock falling as low as $500, Maley said — but that didn't stop him from recommending riding the wave.

 

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Tesla's market cap tops the 9 largest automakers combined. Is this going to last. 500 B$ Market cap

Good luck

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Increasing this insane bubble

suck elon's c k. us markets are just cyber crimes to support a guy who lost the election

thanks for this news

What responsibilities do the writers of such articles take if the people who 'ride the wave' find themselves facing a wave in the opposite direction? Has happened in the past and will happen in the future. If only everything was as easy.

These waves usually crash throwing surfers off their surfboards.

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