Tesla Bull Dan Ives Sees 70 Percent Upside in Tesla

Tesla Bull Dan Ives Sees 70 Percent Upside in Tesla
A Tesla logo is seen at a Tesla Inc. supercharger station in Hawthorne, Calif. on Jan. 4, 2021. Patrick T. Fallon/AFP via Getty Images
Benzinga
Updated:

Tesla Inc. overcame a “major overhang” after German authorities cleared its production at a new factory in Berlin, according to Wedbush analyst Dan Ives.

Ives, a well-known Tesla bull, sees the stock rising, emphasizing the Berlin “Gigafactory″ as of utmost importance to Tesla and its stock price.