UPDATE: Tigress Initiates Coverage On Tesla Motors Inc, But Concerned About Industry Obstacles

Tigress Financial Partners on Wednesday initiated coverage on Tesla Motors Inc TSLA with a Neutral rating, but no price target was announced.

Ivan Feinseth stated, “We are extremely enthusiastic about TSLA’s compelling product offering, unique market niche, and growth story but we are concerned about inherent industry obstacles and current valuation.”

Tigress Analysts feel Tesla shares are fairly priced for multiple reasons:

• Limited production capacity for cars and batteries due to supply chain restraints.
• Fractional market share.
• Potential competition from global auto powers; poses significant risk.

Shares of Tesla Motors Inc were up 0.74 percent in the premarket.