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Here's What Tesla's (TSLA) New Product Event in April Will Likely Unveil...

March 30, 2015 2:05 PM EDT
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Price: $173.80 +6.25%

Rating Summary:
    24 Buy, 26 Hold, 13 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 20 | Down: 14 | New: 22
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Global Equities Research is out with commentary on Tesla Motors (Nasdaq: TSLA) following a post by CEO Elon Musk on Twitter announcing that the company will debut a new product in late April. The firm rates Tesla at Overweight with a $385 price target.

Analyst Trip Chowdhry made the following observations on the announcement:

  • This announcement is very likely related to Launch of New Product Line "Stationary Battery for Residential Consumer"
  • TSLA has been testing residential stationary batteries in about 200 - 250 households in California for about last 2 years
  • We know of 2 households, who have TSLA stationary batteries Installed
  • We will try to have a conference call with one of the persons we know, who had TSLA battery installed in his garage...but since he works...probably, the conference call may happen after 5:00 PM West Coast time, if he agrees to it
  • We will provide further research, marketing sizing etc...once we conduct more research...so please remain tuned.....

For an analyst ratings summary and ratings history on Tesla Motors click here. For more ratings news on Tesla Motors click here.

Tesla Motors closed at $185.00 yesterday.



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