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Tesla will climb 8% to an all-time high of $ 900 as stock rallies help boost fundraising.

Analysts led by John Murphy raised the price bar for Tesla from $ 500 to $ 900, which means an 8% increase since Monday morning over the next 12 months. The new target is the highest on Wall Street, surpassing the $ 880 level set by Morgan Stanley just last week. Analysts have maintained a "neutral" rating for the automaker.