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Mizuho hikes Tesla worth goal to $820, sees better-than-expected deliveries this 12 months 

A Mannequin Y automobile displayed at a Tesla flagship retailer on Jan. 4, 2021 in Shanghai, China.

Gao Yuwen | Visible China Group | Getty Pictures

Tesla’s robust first quarter supply numbers might portend a robust 12 months for the corporate and push its inventory practically 15% increased, Mizuho Securities mentioned in a be aware to shoppers on Tuesday.

The automaker mentioned earlier this month that it delivered 184,800 autos within the first quarter, topping trade estimates and setting a brand new file for the corporate. Mizuho, which has a purchase score on Tesla, mentioned in a be aware that extra better-than-expected supply numbers might comply with this 12 months.

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