Year-to-date, Tesla is up a solid 80.21% as analysts boost their views on the stock.

As this is written Tesla, Inc (NASDAQ: TSLA), is trading at $761.20, up $6.96, or 0.96%. If shares of the electric vehicle maker end today (Monday) in the green it will be the eleventh straight day of gains for the stock. The stock has risen phoenix-like from a low of $454.47 touched on April 2. That’s a gain of over 67% in those eleven trading sessions. And sure, ETFs holding the stock would benefit from the massive surge in its price. (MarketWatch)

TSLA: What’s lighting the fire under the stock?

The stock received an upgrade recently from Credit Suisse, who raised their view from Sell to Hold. Secondly, Goldman Sachs (NYSE: GS) initiated coverage last week with a Buy rating.

Fundamentally, Tesla seems to be positioned for the future far better than its current auto peers. Ford Motor Co (NYSE: F) is down 45% YTD, while General Motors Company (NYSE: GM) has lost 39%.

“We expect 2020 [industry] fundamentals to be very challenging cyclically,” wrote Goldman analyst Mark Delaney his research report. “Investors [should] be selective with the group and own stocks that we expect to benefit from key long-term secular growth areas like EVs.”

Delaney thinks TSLA will rule the EV market and has a target price for TSLA at $864, up more than 13% from today’s levels.

How the pandemic is working to Tesla’s advantage

Post-pandemic, Tesla will emerge stronger than the competition. Here’s why, according to Electrek: “The market and analysts are starting to look at what the auto market is going to look like post-pandemic, and many are starting to see that Tesla might be in a much better situation than other automakers.  In the short term, some automakers who are stuck in longer product cycles appear to be considering delaying some of their EV market launches while Tesla, which is seen as more nimble, seems to be moving forward with its plans.”

Tesla @ $7,000?

DailyAlts.com wrote in February about that incredible call on the stock from Catherine Wood of ARK Invest. They said the EV maker would disrupt and transform global transport and that its shares would skyrocket to a “base case” scenario of $7,000 by 2024. That translates to a market value of $1.3 trillion. However, at either end of the base case is a “best case” target of $15,000 and a “worst-case” of $1,500.

ETFs holding TSLA

These lofty targets are likely forcing short-sellers of the stock to cover their positions. Whatever, here are ETFs that hold TSLA:

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