Tesla's (TSLA) Model S Recall Seen as 'non-Event' by Global Equities

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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