Elon Musk at the Tesla giga-factory in Berlin.
Tesla CEO Elon Musk opens its Berlin factory in March 2022.
  • Tesla's Q4 earnings and guidance lay the foundation for the stock to jump back to $200, Wedbush said Thursday. 
  • Wedbush also raised its price target to $200, implying 38% upside for Tesla's stock from Wednesday's close. 
  • Tesla's demand story is "roaring out of the gates" in 2023, analyst Dan Ives said. 

Tesla's shares could recapture the $200 level that's been elusive for two months, according to Wedbush, which raised its price target after the electric vehicle maker beat fourth-quarter earnings expectations.