Here's why one Wall Street firm thinks 'must-own' Tesla will surge 25 over the next year TSLA

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Tesla is a "must-own stock" in the transportation sector, according to a Monday note by Alexander Potter of Piper Jaffray.

Potter increased his price target on Tesla to 423, a more than 25 upside to where shares currently trade.

In addition, Potter said he thinks the Cybertruck is "awesome" and that Tesla could sell more than 200,000 of them per year in the US beginning in 2023.

Watch Tesla trade live on Markets Insider.

Tesla, the electric-vehicle maker run by Elon Musk, is the most "impactful disrupter" in the transportation sector, making it a "must-own stock" according to Alexander Potter, an analyst at Piper Jaffray.

On Monday, Potter increased his Tesla price target to 423, which is more than 25 higher than where shares are currently trading. He maintained his overweight rating on shares of the automaker. See the rest of the story at Business InsiderNOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruptionSee Also:How much it costs to have a baby in every state, whether you have health insurance or don'tHere's everyone who's running for president in 2020, and who has quit the raceYou can now officially purchase legal marijuana in Michigan. Here are all the states where marijuana is legal.