Editor’s Note: Tesla Motors (NASDAQ:TSLA)
Is Tesla Motors a Buy After an Explosive Run? (Wall St. Cheat Sheet)
With shares of Tesla Motors (NASDAQ:TSLA) trading around $165, is TSLA an OUTPERFORM, WAIT AND SEE, or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:T = Trends for a Stock’s Movement Tesla Motors designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. The company also provides services for the development of electric powertrain systems and components and sells electric powertrain components to other automotive manufacturers. It markets and sells its vehicles through Tesla stores, as well as over the Internet. Consumers and companies are looking to save at the pump, and what better way than with electric vehicles?
Another Bet Against Tesla Goes Bust As The Company Draws A 21 (Forbes)
Tesla Motors (NASDAQ:TSLA) promised this past spring that before summer was through, it would have 18 of its high-speed Supercharger stations up and running, allowing longer-distance travel for more owners of its Model S sedan. And just last week, with the last days of the season disappearing off the calendar, the folks at Green Car Reports bet that the company would fail to make its self-imposed deadline. Six days ago, with only half the locations officially open, the bet seemed like a decent one. But the company again proved the doubters wrong.
Tesla Leading the Electric Car Revolution (Epoch Times)
Even CEO Elon Musk thinks Tesla Motors (NASDAQ:TSLA)’s stock is overvalued. Analysts have criticized the volatile numbers and investors buying into Tesla’s stock, which hasn’t kept the price from rallying again, past $165 and surpassing a $20 billion market capitalization. Musk is not a fan of hyped-up stock prices either, but even critics give glowing reviews to the company’s work and Musk intends to honor that.
Tesla (TSLA) to Develop Hybrid Battery Packs that Could Increase Range 40% – Analyst (Street Insider)
Global Equities analyst Trip Chowdhry reiterated an Overweight rating on Tesla Motors (Nasdaq: TSLA) and boosted his price target from $150 to $225 citing hybrid battery packs being developed by the company. In July 2013, Tesla filed Patent Applications: 20130181511 and 20130187591, the analyst notes. These patents relate to “Electric Vehicle Extended Range Hybrid Battery Pack System” and have Metal-Air Battery Pack and what Non-Metal Air Battery Pack components .
Tesla may form JV with local firm (Global Times)
The US electric car maker Tesla Motors (NASDAQ:TSLA) Inc is likely to form a joint venture with a Chinese automaker, the Economic Observer newspaper reported over the weekend. East China’s Anhui Province-based automaker JAC Motors might be the mainland partner of Tesla to establish the JV, said the report.