TSLA is trading at 3.6% up now at $428.32 after Melius Research initiated coverage with a 'Buy' rating and a $520 price target, while Evercore ISI Group raised its price target from $235 to $300. Additionally, a Tesla executive announced the Shanghai factory will ramp up production in Q4, signaling increased capacity to meet global demand. The positive sentiment was further supported by a broad market rebound as US-China trade tensions eased, driving tech stocks higher. These combined factors contributed to today's significant price move.