Jefferies raises Tesla price target to Street high, says legacy automakers are still playing catch-up

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Jesse Pound@/in/jesse-pound@jesserpound
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The logo marks the showroom and service center for the US automotive and energy company Tesla in Amsterdam on October 23, 2019.
John Thys | AFP | Getty Images

Tesla's lead over other automakers is still strong and its stock has significant upside, according to investment firm Jefferies.