Tesla Shares Rise 5.27% Premarket, Price Target Raised to $400

Tesla shares have risen significantly in premarket trading, showing a 5% increase after a nearly 3% rise in the prior session. The stock is currently up 5.27% overnight. Global Equities Research has raised its price target for Tesla to $400 from $340, citing accelerating demand for electric vehicles. Positions in Tesla are up over 150% from last week, and the company's 0% APR offer in the UK is driving meaningful demand among customers. $TSLA is currently above 262 and could try for 271.