Jim Cramer turned his attention this past week to the rivalry between Tesla and Ford. Jefferies analysts upgraded Tesla to buy from neutral and raised their one-year price target to $850 from $700 on expectations that carmakers, in general, will be able to boost their margins as they operate with less but better-allocated capital.
“I think China will be good,” Cramer said as he weighed Tesla’s prospects. “I think our country will be good and that Europe’s good. But the problem is: Will their pickup be as good as Ford’s Lightning?”
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