Analysts at Wedbush provided their views on Tesla, Inc. (NASDAQ:TSLA), mentioning key catalysts that could potentially drive the stock price into the $1,400-$1,800 range.

According to the analysts, China is a key variable in their bull thesis, estimating it to have around 40% of deliveries for the company in 2022. While PR/safety headwinds were front and center in China in early 2021, this demand trend reversed aggressively in a bullish way for the company into year-end with the company now on around 50,000 monthly run-rate for China.

The brokerage believes Berlin and Austin openings are an important point for the investors, as the company has a high-class problem of demand outstripping supply with this issue now resulting into around 5-6 month delays for Model Ys, and some Model 3s, The key to alleviating these issues is centered around the key Giga openings in Austin and Berlin which will help reduce the bottlenecks of production.

The analysts believe by the end of 2022 the company will have the capacity for overall around 2 million units annually from roughly 1 million today.