Tesla added to Wedbush's 'Best Ideas List.' Here's why.

Wedbush Securities has added electric vehicle maker Tesla (TSLA) to its "Best Ideas List" as the firm reiterates its bullish stance on the EV company with an Outperform rating and $550 per share price target.

Seana Smith and Madison Mills break down more details of this analyst coverage from Wedbush's Dan Ives.

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This post was written by Luke Carberry Mogan.