Tesla's (TSLA) Model S Recall Seen as 'non-Event' by Global Equities
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Price: $155.45 -1.06%
Rating Summary:
23 Buy, 27 Hold, 13 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 8 | New: 10
Rating Summary:
23 Buy, 27 Hold, 13 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 8 | New: 10
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Global Equities Research sees the recent Model S recall by Tesla Motors (Nasdaq: TSLA) as a non-event.
Analyst Trip Chowdhry said his team observed four Tesla Service Centers over the last few days and noted the following:
- Not a single car has been affected so far
- It takes about a total of 15 minutes in total - Car entering the Service Station, getting it checked and leaving the Service Station
- Model S recall is a complete non-event and should not be a reason of concern
Global Equities Research rates Tesla at Overweight with a price target of $385.
For an analyst ratings summary and ratings history on Tesla Motors click here. For more ratings news on Tesla Motors click here.
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