Sina US stocks on the 27th, the latest data from China and Europe implied to Wedbush Securities that Tesla, Inc.It may be true to turn losses into profits.

Daniel Ives, an analyst at Wade Bush, raised his target price for Tesla, Inc. 's shares to $370 from $270, saying strong Model 3 demand and earning power "showed an upward trend in the fourth quarter".

"US consumer demand for the Model 3 and the very important strength of the European market are likely to drive growth this quarter, allowing Tesla, Inc. to easily meet his target of delivering 360000 to 400000 vehicles in 2019," Ives wrote in a report.

The analyst added that Tesla, Inc. 's Shanghai super factory was ahead of schedule, contributing to the generally bullish China theme.

Ives said: "if Tesla, Inc. can maintain this profitability and demand in the future, especially in Europe and China, then the stock will be for growth andPrice-to-earnings ratio expansion opens a new chapter. " He maintains the holding rating of the stock.

Tesla, Inc. 's shares have risen sharply in the past few months after the company unexpectedly reported third-quarter earnings and said Chinese factories and the launch of the Model Y crossover were ahead of schedule. The stock closed at a record $425.25 on Tuesday.

Mr Ives believes that in addition to the improvement in fundamentals, "large-scale short covering" has also contributed to a rise in share prices.