Market Overview

UPDATE: Bank of America Initiates Coverage on Tesla Motors


Bank of America has published a report on Tesla Motors (NASDAQ: TSLA) initiating coverage on the electric vehicle developer.

In the report, Bank of America wrote, "Tesla's stock has outperformed since the IPO though it is heavily shorted. We expect meeting milestones to drive the stock until the Model S is out in 2H12. An important catalyst could be initial reviews expected this fall that are likely to be positive, in our view."

Bank of America rated Tesla a BUY with a price target of $34.00. Tesla closed Friday at $24.24.


Related Articles (TSLA)

View Comments and Join the Discussion!

Posted-In: Bank of America tesla motorsAnalyst Color Initiation Analyst Ratings

Latest Ratings

NTRSSeaport GlobalInitiates Coverage On
RJFSeaport GlobalInitiates Coverage On
STTSeaport GlobalInitiates Coverage On83.0
WFCSeaport GlobalInitiates Coverage On
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at