Wunderlich Reiterates Hold on Tesla

Wunderlich reiterates its Hold rating on Tesla Motors, Inc. TSLA in light of a 4th Chevy Volt catching fire while undergoing regulatory testing. Jefferies says, “Any company not in the Chevy Volt food chain is a likely winner.” Referencing the lack of fires on record for electric car companies outside GM, it notes “TSLA has one million miles of experience in autos to back it up.” TSLA closed at 32.56 per share on Monday.