Shares of Tesla Inc. TSLA, +4.73% rallied 4.73% to $181.41 Wednesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index COMP, 2.00% rising 2.00% to 11,816.32 and the Dow Jones Industrial Average DJIA, +0.02% rising 0.02% to 34,092.96. This was the stock's second consecutive day of gains. Tesla Inc. closed $202.88 below its 52-week high ($384.29), which the company achieved on April 5th.
Trading volume (210.2 M) eclipsed its 50-day average volume of 152.0 M.
Deutsche Bank’s Emmanuel Rosner gives Tesla shares a $220 price target to go along with his Buy rating. Assuming the analyst is right about that, investors in Tesla stand to rake in ~27.5% profit over the next year.