UBS Starts Tesla Motors (TSLA) at Neutral
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UPDATE: Tesla's (TSLA) 'Disruptive' Business Model Nearly Priced In; UBS Starts at 'Neutral'
March 26, 2014 7:47 AM EDT(Updated - March 26, 2014 11:04 AM EDT)
UBS starts coverage on Tesla Motors (Nasdaq: TSLA) at Neutral with a price target of $230.
Analyst Colin Langan noted that, while Tesla has a potentially disruptive business model, most of the upside is already priced in. The analyst commented, "[Tesla] stock has rallied significantly in recent months, up 46 percent YTD, up 487 percent LTM, and up 1,195 percent since the IPO price of $17 in June 2010. While the rally has been driven by a series of positive news flow, at this point, we see risk-reward as slightly... More
