Here's why one Wall Street firm thinks 'must-own' Tesla will surge 25% over the next year

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Here's why one Wall Street firm thinks 'must-own' Tesla will surge 25% over the next year
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Tesla has always had a solid mission statement, loyal fans, and bold designs, but lately has 'demonstrated some new skills,' wrote Alexander Potter.

Tesla is a"must-own stock" in the transportation sector, according to a Monday note by Alexander Potter of Piper Jaffray. Potter increased his price target on Tesla to $423, a more than 25% upside to where shares currently trade. In addition, Potter said he thinks the Cybertruck is"awesome" and that Tesla could sell more than 200,000 of them per year in the US beginning in 2023. Watch Tesla trade live on Markets Insider.

Tesla is a"must-own stock" in the transportation sector, according to a Monday note by Alexander Potter of Piper Jaffray. Potter increased his price target on Tesla to $423, a more than 25% upside to where shares currently trade. In addition, Potter said he thinks the Cybertruck is"awesome" and that Tesla could sell more than 200,000 of them per year in the US beginning in 2023. Watch Tesla trade live on Markets Insider.

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