Market Overview

UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Tesla Motors Ahead of 4Q12 Earnings Report

Share:
Related TSLA
A Benzinga HQ Exclusive: Ask Gene Munster Anything!
Weinstein, Kalanick And The Cult Of Personality
8 Investment Ideas From Longleaf Partners (GuruFocus)

In a report published Monday, Jefferies reiterated its Buy rating on Tesla Motors (NASDAQ: TSLA), and raised its price target from $36.00 to $45.00.

Jefferies noted, “This past weekend the NY Times published a negative article on the Model S; our conclusion is that the reporter's experience was likely due to improper charging protocol. TSLA is expected to report 4Q:12 earnings later this week; we expect an in line quarter and confirmation of 2013 targets. Model S delivery times are now as short as several months; we expect the focus to be on new reservations. We increase our price target to $45.”

Tesla Motors closed on Friday at $39.24.

Latest Ratings for TSLA

DateFirmActionFromTo
Oct 2017Morgan StanleyMaintainsEqual-WeightEqual-Weight
Oct 2017Standpoint ResearchDowngradesHoldSell
Oct 2017NomuraInitiates Coverage OnBuy

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (TSLA)

View Comments and Join the Discussion!
Loading...

Partner Center

Loading...