't the end of the day Tesla essentially owns the charging network ecosystem domestically and GM as well as Ford need access for success of its EV strategy and broader EV ambitions over the coming years,' Ives said in a note. The firm's Dan Ives wrote that Thursday's announcement that Tesla would collaborate with GM to expand Tesla's charger network was a big step forward for Elon Musk's company. That's according to Wedbush, which raised its 12-month price target for Tesla stock to $300 a share, from $215 a share. Tesla stock is set to surge 22% as recent deals with GM and Ford to open up its charging network bring into focus a 'sum-of-the-parts' story for the EV maker that will drive its valuation higher in the coming years. 'In a nutshell, Musk and Tesla are playing chess while other automakers are playing checkers,' Wedbush's Dan Ives wrote.

Wedbush on Friday raised its price target and said charging deals could bring in $3 billion of revenue.

Tesla shares are headed to $300, and the company is looking at big revenue gains from recent deals with Ford and GM. Tesla Inc CEO Elon Musk dances onstage during a delivery event for Tesla China-made Model 3 cars in Shanghai Aly Song/Reuters

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