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Tesla Stock: Next Stop $1,500?

TheMotleyFool

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Shares of Tesla (NASDAQ: TSLA) surged higher on Monday, rising more than 13% by the time the market closed. During after-hours trading, shares moved even higher to levels above $1,430. The stock's big boost came after an analyst released a bold 12-month price target for the stock: $1,500. Highlighting how staggering this target is, shares were trading at $230 just one year ago.

Is Tesla stock really a buy at this level? Here's a closer look at why this analyst is so bullish -- and what investors should think about the growth stock today.

Model 3. Image source: Tesla.

Source Fool.com

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