Market Overview

Jefferies Defends Tesla Following Negative NY Times Article

Related TSLA
Tesla Opens Basel, Switzerland Store on St.-Alban-Graben
Telsa Rallies Following Credit Suisse Comments
An Alternative To Buying Glamour Stocks (Seeking Alpha)

Shares of Tesla Motors (NASDAQ: TSLA) are down more than 3 percent Monday morning following a New York Times article from over the weekend entitled "Stalled Out on Tesla's Electric Highway".

The article author recently test drove a Tesla Model S sedan which did not end so well: amid a drive from Washington to NYC, the car stalled reportedly due to cold weather.

Jefferies' Elaine Kwei believes the issues dealt with on the test drive were likely attributable to an improper charging protocol, something which is not necessarily controllable by Tesla. Kwei suggested the vast majority of Model S buyer's have been "very impressed."

The Jefferies analyst reiterated a Buy rating and raised her price target on the stock from $36 to $45 ahead of the company's Q4 results later this week.

Latest Ratings for TSLA

Nov 2015Credit SuisseMaintainsOutperform
Nov 2015EVercore ISI GroupMaintainsBuy
Oct 2015JP MorganMaintainsUnderweight

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: Analyst Color News Price Target Reiteration Analyst Ratings Movers


Related Articles (TSLA)

View Comments and Join the Discussion!

Get Benzinga's Newsletters