JP Morgan, Goldman, Deutsche Initiate Coverage On Tesla (TSLA)

Posted by Tate Dwinnell | # |
09:52:28 am on August 9, 2010

A few big firms are out with coverage on Tesla (TSLA) this morning.  Hat tip to Street Insider for the analyst comment from Deutsche. 

J.P. Morgan (JPM) initiated coverage on Tesla Motors (TSLA) with an Overweight rating and price target of $25.

Goldman Sachs (GS) initiated coverage with a Neutral rating and $21 price target.

Deutsche Bank initiated coverage with a Hold rating and $17 price target.
“We believe that Tesla’s deep technical talent, head-start in EV technology, low development costs, unique product offering, low cost financing, and already-ubiquitous brand name position the company to succeed in bringing competitive veh’s to market.”

Just Added: Morgan Stanley Initiated coverage with an Equalweight

Shares of TSLA are roughly flat today and continue to trade in a range between about 22.50 and 19.50

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