In a report published Monday, Global Equities Research analyst Trip Chowdhry reiterated an Overweight rating on Tesla Motors TSLA, and raised the price target from $150.00 to $225.00.
In the report, Global Equities Research noted, “Tesla is creating a new Transport-as-a-Service industry (TaaS), which is probably about $100 billion Industry. Over the next 5 years, we think, Tesla may capture about 60% of this industry. Innovation velocity at Tesla far exceeds that of other hyper growth companies such as Amazon.com and Salesforce.com “
Tesla Motors closed on Friday at $165.54.
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