Tesla target raised as the autonomous era dawns

  • Wedbush has sharply raised its price target on Tesla Inc (NASDAQ:TSLA) from $350 to $500, citing what it describes as the beginning of a “golden age of autonomous growth” for the electric vehicle maker. The bank sees the forthcoming launch of full self-driving capabilities in Austin as the catalyst for a significant revaluation of Tesla's business model and long-term prospects.