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UPDATE: Global Equities Research Raises PT on Tesla Motors on Transport-as-a-Service Industry Potential

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In a report published Monday, Global Equities Research analyst Trip Chowdhry reiterated an Overweight rating on Tesla Motors (NASDAQ: TSLA), and raised the price target from $150.00 to $225.00.

In the report, Global Equities Research noted, “Tesla is creating a new Transport-as-a-Service industry (TaaS), which is probably about $100 billion Industry. Over the next 5 years, we think, Tesla may capture about 60% of this industry. Innovation velocity at Tesla far exceeds that of other hyper growth companies such as Amazon.com and Salesforce.com “

Tesla Motors closed on Friday at $165.54.

Latest Ratings for TSLA

DateFirmActionFromTo
Oct 2018MacquarieInitiates Coverage OnOutperform
Oct 2018CitigroupMaintainsSellSell
Oct 2018CitigroupMaintainsSellSell

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: Global Equities Research Trip ChowdhryAnalyst Color Price Target Analyst Ratings

 

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