Jefferies has raised its price target for Tesla Inc (NASDAQ:TSLA), the electric carmaker, to $400 from $350, as resilient vehicle deliveries and improving prospects for non-automotive businesses offset concerns over rising investment and operating costs. Analyst Philippe Houchois maintained a 'hold' rating, with the revised target implying 5% upside from Tesla's closing price of $382.70 cited in the 12 October research note.
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