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Can Tesla Stock Rise to $556?

TheMotleyFool

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Shares of electric-car maker Tesla (NASDAQ: TSLA) have been roaring higher recently. The stock has doubled in the last six months as investors cheer the company's rising Model 3 sales and the completion of a new factory in under a year's time.

Following the company's better-than-expected fourth-quarter deliveries and the beginning of Shanghai-made Model 3 deliveries to customers in China, one analyst is betting the automaker's stock can keep moving higher over the next 12 months.

Image source: Tesla.

Source Fool.com

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