Tesla shares jumped to $120.25 on July 17 on another analyst note

Article by Anita Panait, on July 19, 2013

Shares at Tesla Motors Inc. climbed 10 percent to $120.25 at the close of trading on July 17, 2013, after Andrea James, an analyst for Dougherty & Co., hiked her price target for Tesla from $90 to $200 in a report. This came after the carmaker’s shares dropped 14.3% percent to $109.05 on July 16, 2013, after Goldman Sachs analyst Patrick Archambault set a price target of $84 for the company’s stocks.

Archambault wrote in a note that Tesla’s shares could decline to $84 and $113 under a best-case scenario. Goldman Sachs likewise trimmed its auto sector rating to neutral. James wrote that they believe Tesla is a $300 stock at the site’s maximum capacity, but trimmed it to $200 for the “execution risk.”

James also wrote that they believe that Tesla is the only carmaker that has figured out how to make electric vehicle technology work. Tesla posted its first-ever profit in the first quarter profit of 2013, boosted by the increasing demand for its $69,900 Model S sedan.

Tesla is planning roll out a sports utility vehicle next year, to be followed by a compact SUV and smaller sedan.

Topics: tesla, shares

If you liked the article, share on:

Comments

Recommended

Without a doubt, the SUV segment is getting increasingly more saturated. This month alone, we were greeted with city-oriented SUVs from the Kia Stonic to the Hyundai Kona, and now...
by - June 27, 2017
The Swedish moose test is known to have victimized many in the past, including the Toyota Hilux that massively failed. So knowing that many cars from trusted and leading automakers...
by - June 27, 2017
All-new BMW X3 (G01) just made its debut! The updated model has a familiar design, and slightly increased dimensions compared to its successful predecessors. For more cabin space, the wheelbase...
by - June 27, 2017
Polestar is notably known to be Volvo's internal performance specialists, and around last year Polestar revealed to the public that it will utilize electrification to further advance the power of...
by - June 26, 2017
Earlier this month, Porsche introduced to us the 911 Turbo S Exclusive Series. The car wore a Golden Yellow Metallic paint. The same time it was launched, the company said...
by - June 26, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries