Evercore ISI analyst Chris McNally raised the target price in tesla (TSLA) to $275 from $195 and maintains an In-Line rating on the stock. According to the company’s valuation approach of a “Tale of 2 TSLA,” where it assigns a multiple to the “core” industry revenues of things they “make/sell now” and then returns to a “stock option” category buy” implied in the market, the company increased the size of the “implied basket of call options” to approximately $900 billion from $600 billion and the implied probability of market success to 50% from 30%-40%, says the analyst. investors. However, the analyst also notes that at Tesla’s recent peak, the market assigned a 100% to 125% probability of success for the “basket of options” that it now valued at around $1 trillion.
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