Wedbush Boosts Tesla Stock Price Target, Maintains Neutral Rating

The percentage of new car registrations for electric vehicles in Europe is twice what it is in China and five times the share of registrations in the U.S. Garnry also said investors should be "alarmed" by the fact that Renault, Volkswagen, and Hyundai have outpaced Tesla in Europe recently. He added this fact should call into question Tesla's $805 billion market value.

Tesla stock is up more than 20% already this year.

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