Tesla (TSLA) Shares Rip Higher on Goldman Upgrade, CEO Confidence

Tesla (Nasdaq: TSLA) shares are erasing most of Friday's 18 percent drop Tuesday morning as investors are getting more confident following some optimistic comments from Goldman Sachs and CEO Elon Musk this morning.

The stock plunged late Friday amid reports two directors left the company.

• Goldman Sachs upgraded Tesla to Buy, with a price target of $35. For more color on the call, click here; and
  
  
• On a conference call earlier Tuesday, Musk said he's confident Tesla will be able to deliver the Model S earlier than expected (the US release date was initially set for July). The CEO thinks Tesla will be able to sell more than 20,000 Model S units in 2013. Musk apologized about how the news was broke, saying, "A positive was misconstrued as a negative development."

Shares of Tesla are up over 18 percent on the rebound Tuesday.

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