Tesla shares jumped as much as 12% to hit a record-high price of $650.88 per share. One analyst sees the stock jumping as high as $750 by 2021.
This week alone, three analysts have updated their price targets for Tesla, now estimating that it could surge as much as 14% this year.
Shares of the company fell to their lowest level since January 2017 Friday morning after Musk promised new, "hardcore" financial discipline.