JMP Securities analyst Joseph Osha raised the firm’s price target on Tesla (TSLA) to $788 from $516 as he raised his 2025 unit delivery target for the company to 3.05M from 2.5M previously given that he now thinks total battery electric vehicle shipments in 2025 could make up 15.7% of global vehicle sales, which is up from his prior 14% assumption. The analyst, who keeps an Outperform rating on Tesla shares, compares the company to “other category-killer manufacturers” like Apple (AAPL) and Nvidia (NVDA). Osha estimates Tesla should be able to control about 45% of the addressable BEV market, excluding about 70% of China’s EV sales, which would be down from 54% currently, he noted.