Tesla (TSLA) stock is on the cusp of a big breakout after last week's surge. The stock looks to be going parabolic again, and many euphoric investors are likely to chase Elon Musk's EV behemoth into the stars as it regains its momentum. There's still a lot of speculative appetite in this market, and Tesla could indeed blast past the $1,000 mark. Despite a promising price target upgrade courtesy of Jefferies, though, it's tough to justify the hefty multiple in the automaker, even if you view it as a tech company that can easily shrug off rivals in the EV space.
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Tesla (NASDAQ:TSLA)
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Tesla (NASDAQ:TSLA)
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From Dec 2020 to Dec 2021 Click Here for more Tesla Charts.