Tesla’s (TSLA) Model S Seduces Analysts
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Price: $91.50 -0.81%
Rating Summary:
10 Buy, 3 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
10 Buy, 3 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
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Jefferies analysts think Tesla’s (NASDAQ: TSLA) main challenges are not structural in nature, but can be resolved with time (e.g., supplier issues, manufacturing ramp, customer outreach).
In a recent report, they observed that the Tesla factory has progressed significantly, and currently has assembly capacity for 25,000 cars per year on one shift, and 50,000 cars with two shifts.
"The Tesla assembly lines are not yet running at full speed, but productivity has been increasing rapidly over the past six weeks and is now at roughly 100 cars per week," said analyst Elaine Kwei.
While visiting the factory, Kwei took a spin in the Model S and said it is very impressive vehicle to drive and is competitive on price/performance in its segment.
"A central tenet of Tesla's product strategy from the very beginning has been to design, manufacture, and sell an attractive vehicle that is competitive with other cars in its segment. We believe Tesla has accomplished this goal with the Model S," said Kwei.
The recent spike in CA gasoline prices could also help spur sales, noted analysts.
Jefferies has a Buy rating on Tesla Motors (NASDAQ: TSLA) and a price target of $34.00.
For an analyst ratings summary and ratings history on Tesla Motors click here. For more ratings news on Tesla Motors click here.
Shares of Tesla Motors closed at $29.25 yesterday, with a 52 week range of $22.64-$39.95.
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In a recent report, they observed that the Tesla factory has progressed significantly, and currently has assembly capacity for 25,000 cars per year on one shift, and 50,000 cars with two shifts.
"The Tesla assembly lines are not yet running at full speed, but productivity has been increasing rapidly over the past six weeks and is now at roughly 100 cars per week," said analyst Elaine Kwei.
While visiting the factory, Kwei took a spin in the Model S and said it is very impressive vehicle to drive and is competitive on price/performance in its segment.
"A central tenet of Tesla's product strategy from the very beginning has been to design, manufacture, and sell an attractive vehicle that is competitive with other cars in its segment. We believe Tesla has accomplished this goal with the Model S," said Kwei.
The recent spike in CA gasoline prices could also help spur sales, noted analysts.
Jefferies has a Buy rating on Tesla Motors (NASDAQ: TSLA) and a price target of $34.00.
For an analyst ratings summary and ratings history on Tesla Motors click here. For more ratings news on Tesla Motors click here.
Shares of Tesla Motors closed at $29.25 yesterday, with a 52 week range of $22.64-$39.95.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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