Tesla creating new industry

Investor's Business Daily

The maker of electric vehicles and components shares rose 1.9% to 102.20 Mon. after Trip Chowdhry, an analyst for Global Equities Research, initiated coverage on the company on Sun. with an outperform rating and a price target of 150. Chowdhry said Tesla Motors (TSLA) is helping to create a new $100 bil industry, which he calls "Transport-as-a-Service." He believes Tesla can capture 60% of it in the next 5 years." Shares rose 1.9% to 102.20.

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