Investment firm Jefferies raised its Tesla price target to a Wall Street high $2,500 per share from $1,200 on Wednesday.<br />That implies a roughly 19% climb from its current levels.<br />The case for investment in Tesla "has too often been reduced to cars."<br />Analysts feel Tesla's battery innovations and cost efficiencies could hold more value.<br />Jeffries said legacy car makers will catch up to Tesla's levels only once they ditch outdated products and build out electric-vehicle production.<br />Tesla traded as much as 4.8% higher following the report's release.
