Shares of electric-car maker Tesla (NASDAQ: TSLA) have been roaring higher recently. The stock has doubled in the last six months as investors cheer the company's rising Model 3 sales and the completion of a new factory in under a year's time.
Following the company's better-than-expected fourth-quarter deliveries and the beginning of Shanghai-made Model 3 deliveries to customers in China, one analyst is betting the automaker's stock can keep moving higher over the next 12 months.
Image source: Tesla.
Source Fool.com