Could Tesla Stock Rise to $423?

Tesla's (NASDAQ: TSLA) new Cybertruck was met with skepticism when it was unveiled last week. Nevertheless, many consumers seem to have warmed up to the vehicle, with reservations rising to 250,000 units less than a week after the truck's unveiling. It's a different story with Wall Street analysts, however.

For the most part, the Street doesn't seem to be convinced that the radically designed fully electric vehicle will generate meaningful sales volume. But one analyst is making a bold bet this week, predicting the Cybertruck will sell in volumes of around 200,000 units per year. Further, the analyst is upping his price target for Tesla stock.

Cybertruck. Image source: Tesla.

Source Fool.com