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Tesla Motors Inc Shares Moving Amid Elon Musk Tweet

Tesla Motors Inc Shares Moving Amid Elon Musk Tweet
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Shares of Tesla Motors Inc (NASDAQ: TSLA) were trading up more than four percent in Thursday's pre-market session. Tesla CEO Elon Musk tweeted a teaser about a mysterious unveiling of what he called the "D" on October 9.

Following the tweet, Global Securities reiterated it "Build Position" sentiment for investors with a 12 to 18 month horizon. The firm also noted Mobileye NY (NYSE: MBLY) stands to benefit from the announcement and the rumor that Apple Inc. (NASDAQ: AAPL) invest in Tesla's gigafactory may be accurate.

Shares of Mobileye were last up 2.6 percent, or $1.40, at $54.39 early in Thursday's session.

However, Global Securities does not expect an Apple investment to be part of the October 9 announcement. Instead, the firm thinks it is more likely that Tesla will only show off the ability to operate the cars with the iPhone 6, i.e., open doors and turn the Model S on.

About an hour after posting the tweet, Musk further tweeted, "I love the Internet. Comments had me literally ROFL. No, it wasn't intentional. Glad I didn't mention the other letter!"

Update: Tesla opened up about 5 percent higher Thursday. It was last up 3.33 percent at $248.35. The stock is down 12 percent, or $35, over the past month, but up more than 60 percent year to date.

Latest Ratings for TSLA

Jan 2017GuggenheimInitiates Coverage OnBuy
Oct 2016Goldman SachsMaintainsNeutral
Oct 2016Goldman SachsDowngradesBuyNeutral

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: Elon Musk Global SecuritiesAnalyst Color News Reiteration Analyst Ratings


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