Tesla Motors has a "staggering" ability to ramp up production that will enable it to defend its position for several years, the automaker's biggest bull said Tuesday.
After a Tesla factory tour, Stifel Nicolaus auto analyst James Albertine raised his price target for the company to $400 per share, he told CNBC's "Fast Money Halftime Report." That's the automaker's highest Wall Street target.
"My argument is that Tesla's really carved a niche... and the competition is years away," he said. "We think they can defend themselves for the better part of at least two or three years."