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.

The very first fully electric sedan, the Tesla Model S, is an evolution in the field of automotive engineering. It combines performance, efficiency, and safety, and in doing so resets expectations for the 21st-century car with the highest safety ratings possible, the longest electric vehicle range, and over-the-air software updates for continuous improvement.

The car has an outstandingly low center of gravity, thanks to its battery's placement on the floor. This low center of gravity, in turn, significantly reduces the risks of a rollover, while also enhancing performance and handling. In the absence of an engine, the Model S is able to accommodate a larger crumple zone compared to that of other performance sedans, allowing it to absorb energy of frontal impact.

What’s more, the Model S is among the safest cars in existence, owing mainly to its unique electric drivetrain sitting underneath. The safety record for the car is proven by its Euro NCAP and NHTSA 5-star safety rating. It has also set the record for the lowest likelihood of passenger injury when it was tested in the U.S.

Among the Model S’s standard active safety features are collision warning, automatic emergency braking, lane departure warning, and blind spot detection. Meanwhile, its optional convenience features include traffic-aware cruise control, autopark, autosteer, and summon.

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Topics: tesla, shares

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