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A Jefferies analyst sees Tesla rising 30% in 12 months, even as Elon Musk sells stock. Here's why he has the most bullish call on Wall Street.

A Jefferies analyst sees Tesla rising 30% in 12 months, even as Elon Musk sells stock. Here's why he has the most bullish call on Wall Street.
Tesla CEO Elon Musk walks in front of a Model Y image in Shanghai.Aly Song/Reuters


Jefferies' Philippe Houchois has the most bullish Tesla forecast on Wall Street, seeing a 30% rise in the next 12 months.




He says Tesla could eventually become the "everything energy company," in the same way Amazon is the "everything store."




Houchois thinks Tesla's profit margins will stay strong, even as it takes on legacy auto rivals by releasing cheaper models.


Elon Musk may be selling Tesla stock at a rapid pace a?? but one veteran strategist sees the share price jumping another 30% over the next 12 months and recommends that investors buy it.Philippe Houchois, autos analyst at Jefferies, has the most bullish 12-month price target on Wall Street at $1,400. That compares with Tesla's Friday morning price of $1,074.He reckons Tesla will continue to rapidly scale up production and maintain strong profit margins, even as it produces cheaper models to better compete with legacy car companies.In the future, Houchois told Insider, Tesla could even become the "everything energy company," in the same way Amazon is the "everything store."
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