Market Overview

UPDATE: Jefferies Reiterates on Tesla Motors Following Positive News From Germany

Related TSLA
Why Tesla's $35,000 Model 3 Won't Be A Hit
Earnings Continue Driving Markets Higher
The Connected Car: Do Consumers Care? (Fox Business)

In a report published Tuesday, Jefferies analyst Elaine Kwei reiterated a Buy rating on Tesla Motors (NASDAQ: TSLA), but lowered the price target from $210.00 to $190.00.

In the report, Jefferies noted, “Last night after the close TSLA disclosed that the German Federal Motor Transport Authority came to a favorable conclusion in its investigation of the recent crash-related Model S vehicle fires. We think this should provide greater confidence that the NHTSA investigation will result in a favorable outcome in the U.S. as well, providing a positive catalyst for the stock.”

Tesla Motors closed on Monday at $124.17.

Posted-In: Elaine Kwei JefferiesAnalyst Color Price Target Analyst Ratings

 

Most Popular

Related Articles (TSLA)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional