Credit Suisse doubles Tesla stock price forecast but is still neutral

Tesla Inc CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020.
Aly Song | Reuters

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Wall Street analysts are scrambling to catch up with Tesla's record run, which has seen shares gain more than 250% this year.

On Friday, Credit Suisse more than doubled its price target on the stock — lifting it to $1,400 from $700 — saying shares are "priced for perfection."