Monday, August 11, 2014

Tesla Approaches All-time High on Deutsche Bank Upgrade (TSLA)

Chart through Friday's close:
Chart forTesla Motors, Inc. (TSLA)
The all-time high is $265.00 and I am clueless as to direction should the stock get there but I still have 4 bucks before I have to decide.
$261.35 up $13.22 last.
From Benzinga via Yahoo Finance:
In a note released early Monday morning, Deutsche Bank analyst Rod Lache upgraded shares of Tesla Motors (NASDAQ: TSLA) from Hold to Buy and made a significant raise to the price target from $220 to $310.

Lache began by noting that on the company's second quarter conference call, "Tesla suggested that their growth trajectory will be much steeper, their mix will be much richer, and their costs will ultimately be much lower than we previously assumed."

In light of this, Lache has updated his assumptions which have led him to revise his estimates....MORE