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Tesla Motors Inc Shares Moving Amid Elon Musk Tweet

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Tesla Motors Inc Shares Moving Amid Elon Musk Tweet
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Shares of Tesla Motors Inc (NASDAQ: TSLA) were trading up more than four percent in Thursday's pre-market session. Tesla CEO Elon Musk tweeted a teaser about a mysterious unveiling of what he called the "D" on October 9.

Following the tweet, Global Securities reiterated it "Build Position" sentiment for investors with a 12 to 18 month horizon. The firm also noted Mobileye NY (NYSE: MBLY) stands to benefit from the announcement and the rumor that Apple Inc. (NASDAQ: AAPL) invest in Tesla's gigafactory may be accurate.

Shares of Mobileye were last up 2.6 percent, or $1.40, at $54.39 early in Thursday's session.

However, Global Securities does not expect an Apple investment to be part of the October 9 announcement. Instead, the firm thinks it is more likely that Tesla will only show off the ability to operate the cars with the iPhone 6, i.e., open doors and turn the Model S on.

About an hour after posting the tweet, Musk further tweeted, "I love the Internet. Comments had me literally ROFL. No, it wasn't intentional. Glad I didn't mention the other letter!"

Update: Tesla opened up about 5 percent higher Thursday. It was last up 3.33 percent at $248.35. The stock is down 12 percent, or $35, over the past month, but up more than 60 percent year to date.

Latest Ratings for TSLA

DateFirmActionFromTo
May 2017Morgan StanleyDowngradesOverweightEqual-Weight
May 2017Evercore ISI GroupReinstatesOutperformOutperform
Apr 2017PiperJaffrayUpgradesNeutralOverweight

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: Elon Musk Global SecuritiesAnalyst Color News Reiteration Analyst Ratings

 

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