Tesla Receives An Outperform Rating From Analysts
The smart car makers have been given an improved rating by analysts at Global Equities following the annoucements made by the firm on Wednesday
Tesla Motors seems to be going up on the stock for the day, following the positive plans it has stated in a press release that took place on September 3, 2015, as stated by Tesla stock news. The auto making giant seems to be working really hard in making sure that the Gigafactory is made without any hassle, taking all the needed steps in the process.
The recent news suggests that the stock of the electric car makers is going up again and a major reason is because the auto firm is currently looking for more investment to make the Gigafactory dream come true. As per a research that was carried out by analysts at Global Equities Research, it was stated that the auto giant is doing great in the market which is why an ‘outperform’ rating has been given to it in the research carried out.
Another thing that has taken the attention of the press is that the price target given by the same analysts to the firm has touched a massive $385 which is being taken as a highly positive take on the stock and shows that the future predictions of equity firm seem to be quite towards the higher side. When compared to the current share price, according to the Tesla stock analysis, the price target of the firm comes at a rise of 55 percent, which is a colossal change in the way analysts look at the stock of the firm.
On Wednesday, Tesla management announced that it will be carrying out new plans in the coming months to make sales of the luxury cars even better. On the other hand, the much awaited Model X car is to be launched by the end of the current month, reportedly on September 29. This has also lifted the mood of the analysts as the launch date is exactly what they expected it to be. Another factor which has made the Tesla fans restless is that analysts at Global Equities has mentioned how the Model X is coming up with more surprises than the firm has actually mentioned which is something that the rivals need to watch out for.
On the other hand, Tesla is also preparing itself to start taking in orders for the Model 3, which will take place in March of 2016. However, the cars will start rolling out two years after that, as this is always the pattern followed by the firm. Analysts at the equity firm also seem to be quite excited about how the Model X has come so close to be launched which is another feather in the company’s cap.
