Market Overview

UPDATE: Wedbush Raises PT on Tesla Motors Following Investor Tour of Fremont Facility

Related TSLA
Tesla Shares Have Hurdles To Clear In Order To Really Start Motoring
What Options Traders Are Watching This Week
Buffett and Musk: More Alike Than You'd Think (Fox Business)

In a report published Wednesday, Wedbush analyst Craig Irwin reiterated a Neutral rating on Tesla Motors (NASDAQ: TSLA), and raised the price target from $150.00 to $180.00.

In the report, Wedbush noted, “We hosted an investor tour of Tesla's manufacturing facility in Fremont, CA and came away impressed with the company's focused execution. We are increasingly convinced that the company is likely to meet or exceed expectations in both the near and intermediate future. The company's manufacturing line is currently producing Model S vehicles at an impressive rate, where we believe Tesla likely has additional capability to flex up production above the 500 vehicles a week rate seen exiting 3Q13. We believe the line completing trim and final assembly is likely the limiting factor for current production capacity, where Tesla could easily debottleneck the process.”

Tesla Motors closed on Tuesday at $182.33.

Latest Ratings for TSLA

DateFirmActionFromTo
Oct 2014Ascendiant CapitalInitiates Coverage onBuy
Oct 2014MLV & CoInitiates Coverage onBuy
Oct 2014Tigress FinancialInitiates Coverage onNeutral

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: Craig Irwin WedbushAnalyst Color Price Target Analyst Ratings

 

Related Articles (TSLA)

Around the Web, We're Loving...

Get Benzinga's Newsletters