Shares continued to record highs on Monday, closing up 11.2% to $1835.64, with a market capitalization of $342 billion. Wedbush raised its target price to $1900. < / P > < p > after Tesla announced a 1:5 split, the shares have soared by about 32% in the past four trading days. Tesla shares have risen more than 333% so far this year. On Monday, wedbush raised Tesla’s target price from $1800 to $1900 and set it at $2500 in a bull market scenario. Analysts said demand for electric vehicles in China will begin to accelerate in July and August, and Tesla’s strong demand in Europe this quarter will help offset the weakness in the US market. China’s demand for electric vehicles will begin to accelerate in July and August, analyst Dan Ives said in a report. Tesla is competing with many domestic and foreign competitors for market share, and Shanghai Super factory is still the key to success. Tesla will deliver 150000 vehicles from its Shanghai Super factory in 2020, and its global target of delivering about 500000 vehicles this year is back on track, Ives said. Tesla is also expected to launch a “disruptive” battery that changes the rules of the market next month.