Tesla stock was rising early Monday after a Wall Street analyst hiked his price target for shares materially. This one is a little different. Wedbush analyst Dan Ives raised his now Street-high price target to $515 a share from $400 Sunday.

Tesla Inc. (NASDAQ: TSLA) has raised the price of its top-of-the-line Model S by $5,000 in the United States. It is a bold move in an electric vehicle (EV) market that has been choppy this year. It also indicates that the company wants to improve its already solid margins.

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