Tesla (TSLA): Reiterating Buy Rating On Version 8 Of Autopilot Software - Baird

September 12, 2016 8:28 AM EDT
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Price: $237.93 +1.00%

Rating Summary:
    16 Buy, 14 Hold, 9 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 20 | New: 54
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Baird analyst, Ben Kallo, reiterated his Outperform rating on shares of Tesla Motors (NASDAQ: TSLA) after the company announced Version 8.0 of its autopilot software, which more heavily incorporates radar technology.

Although other manufacturers are introducing autopilot systems based on a suite of technologies (cameras, lidar, radar, etc.), the analyst believes TSLA’s radar-based system should provide improved functionality and increased safety since TSLA has solved the main challenges with radar, including object identification.

No change to the price target of $338.

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 $194.47 yesterday.

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