FBN Securities Initiates Coverage On Tesla Motors Inc
In a note published Monday morning, FBN Securities analyst Shebly Seyrafi initiated coverage on Tesla Motors Inc (NASDAQ: TSLA) with an Outperform rating and a $325 price target. Seyrafi’s Buy rating for Tesla, like many, is based on the future growth opportunities of the company. She noted Tesla currently holds only 2.2 percent of its worldwide addressable market for premium sedans, which leaves tremendous room for growth. Seyrafi also noted the Model 3 is expected to sell at $35,000 to 40,000, about half of the current price for the Model S, which she said should be a “significant” catalyst for growth. As a final note, Seyrafi stated that Tesla’s Gigafactory is expected to be fully operational in 2020. Read more: http://www.benzinga.com/analyst-ratings/analyst-color/14/09/4831866/update-fbn-securities-initiates-coverage-on-tesla-motors#ixzz3DgiFrhKE
 

Credit Suisse Initiates Coverage On Tesla, Says It’s ‘Not A Fair Fight’
In a note dated August 13, Credit Suisse analyst Daniel Galves initiated coverage of Tesla Motors (NASDAQ: TSLA) with an Outperform rating and a $324.93. “Electric vehicles are inherently better than Internal Combustion (ICE) vehicles,” said Galves. “If Tesla can get to cost-parity with ICE and still offer $1,400-$2,500 per year fuel savings to the consumer, it won’t be a fair fight.” Galves believes Tesla is in fact on the road to cost parity. He noted that the Gigafactory is a “major step” in that direction and says battery costs for the Model S and X could come down to the $10,000-11,000 level with the battery costs for the Model 3 as low as $7,500. Read more: http://www.benzinga.com/analyst-ratings/analyst-color/14/08/4780301/credit-suisse-initiates-coverage-on-tesla-says-its-not-a#ixzz3DgiRYGNm