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

In a report published Monday, Global Equities Research analyst Trip Chowdhry reiterated an Overweight rating on

, 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.