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- Piper Sandler lifted its price target for Tesla to $928 per share from $729, setting a new Wall Street-high for the surging stock.
- The company successfully "turned consumers into unwitting climate warriors" with its cars, but Tesla's growing energy generation and storage segments serve as its next frontier, analysts Alexander Potter and Winnie Dong wrote Tuesday.
- The team installed a solar charging system to test their hypothesis and called the early results "illuminating."
- Tesla shares are already nearing the lofty price target, closing at $858.40 on Tuesday and up as much as 8% in early Wednesday trading.
- Watch Tesla trade live here.
Piper Sandler has a new Wall Street-high price target for Tesla shares, but the stock is already nearing the lofty target in early Wednesday trading.
The research firm boosted its price target to $928 per share from $729 on Tuesday, praising "the superiority of Tesla's products" and its ability to turn customers "into unwitting climate warriors." The company's ability to combine flashy technology, blistering acceleration, and eco-friendliness has paid off, analysts Alexander Potter and Winnie Dong said. Tesla will now need to focus on its solar business if it seeks to further dominate the electric vehicle sector, they added.See the rest of the story at Business Insider
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