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Tesla Stock: Headed to $1,000?

TheMotleyFool

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Concerns about Tesla's (NASDAQ: TSLA) electric-car sales in China have mounted recently, creating some worries about the growth stock's lofty valuation. Indeed, GLJ Research analyst Gordon Johnson says he believes Tesla's monthly vehicle deliveries in the important auto market have peaked at around 20,000. "Should this prove to be the case, that would take a massive chunk out of the TSLA bull case," the analyst said in a note to investors on Tuesday.

But one analyst remains resolutely bullish on Tesla shares: Wedbush analyst Daniel Ives. Here are his thoughts on the China situation and the company's overall potential.

Model X. Image source: Tesla.

Source Fool.com

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