Tesla climbs as Goldman raises buy rating and price target to $ 780

Tesla TSLA,
-2.72%
Shares rose more than 3% to $ 586 in pre-market trading as Goldman Sachs increased the electric vehicle maker to buy from neutral and raised its price target to $ 780 from 455 $. The investment bank said the shift to battery-electric vehicle adoption was accelerating, due to falling battery prices and an increase in regulatory proposals to limit or ban the sale of vehicles. with internal combustion engine. Tesla’s integrated model will help it maintain a leading position in the electric vehicle market, analysts said. Goldman has also increased the price targets on Ford F,
-0.43%,
at $ 9 from $ 8, and on General Motors GM,
-0.22%,
at $ 52 from $ 46.