Analyst Predicting a 30% Increase in Tesla Stock

Tesla stock (TSLA) has done well over the past three months and beaten the overall market this past year. Yet analyst at Baird felt the stock could improve an additional 30% this year while keeping their current rating of a buy on the stock. This relates to a move from the current $275/share to $335.

The shareholder meeting tomorrow is one thing the company feels could propel the stock higher. CEO Elon Musk tends to make big announcements about new products and company direction at this meetings. Last time Musk announced that he would stay at the helm of the company for at least 4 more years and spoke about the direction of the company towards automatic driving.

Tesla Energy is the only downward drag on the company as investors are uncertain about the market for the home battery products. But the company still has great upside in the automotive business.

Elon Musk keynotes Tesla Motors Shareholder Meeting (2014)