Market Overview

Tesla's Stock Approaches JMP's $1,500 Price Target

Tesla's Stock Approaches JMP's $1,500 Price Target

On Monday, JPM Securities increased their price target for Tesla Inc (NASDAQ: TSLA) to $1,500. The stock ended up closing at a record high over $1,370.

At time of publication Tuesday morning, the stock was up another 3% to $1,413 a share.

Why It's Important: Joseph Osha of JPM Securities predicts the tech-valued automaker will increase revenue to over $100 billion by 2025. Osha was impressed Tesla was able to deliver so many vehicles in the second quarter while other automakers continue reporting losses.

"If the company can manage 90,000 units during an extraordinarily challenging quarter, there is no reason that Tesla cannot be shipping 130,000 to 140,000 units a quarter by the end of the year in our opinion," Osha wrote in a note.

If Tesla can keep up its delivery momentum, "that puts TLSA on a trajectory to ship 757K units in 2021," Osha said.

Earlier this year, Tesla produced its 1 millionth vehicle. Osha believes by that 2025 goal, Tesla has the potential to be producing over 2.5 million cars per year, with an EBITDA margin of 20%. 

Benzinga's Take: Tesla's stock has been on a dramatic rise. While other automakers are losing sales and have low inventory, Tesla is able to still make impressive delivery numbers, thanks in part to the fact that they're a growing company, still increasing production worldwide.

After the gigafactory in Berlin is complete, which will produce Model Y and Model 3 vehicles, along with a Cybertruck factory in the United States, it seems Tesla could meet Osha's predictions.

Latest Ratings for TSLA

Sep 2020BairdMaintainsNeutral
Sep 2020Canaccord GenuityMaintainsHold
Sep 2020Deutsche BankUpgradesHoldBuy

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings


Related Articles (TSLA)

View Comments and Join the Discussion!

Posted-In: electric vehicles EVs JMP Securities Joseph OshaPrice Target Analyst Ratings Tech Media Best of Benzinga

Latest Ratings

JBLRBC CapitalMaintains38.0
COSTRBC CapitalMaintains412.0
COSTMKM PartnersMaintains325.0
MTNTruist SecuritiesMaintains243.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at