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Tesla Motors, Inc. Message Board

  • fastmoneypete fastmoneypete Feb 11, 2013 4:09 PM Flag

    Jefferies upgrade

    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 Monday at $38.42.

    (c) 2013 Benzinga does not provide investment advice. All rights reserved.

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