Tesla Motors Inc (TSLA) News: JB Straubel, Killer Bill Progress Report & An Apple Inc. (AAPL) Acquisition

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Tesla Motors Given a $55.00 Price Target by JPMorgan Chase Analysts (TSLA) (MideastTime)
JPMorgan Chase & Co. (NYSE:JPM) set a $55.00 target price on Tesla Motors Inc (NASDAQ:TSLA) in a research note issued to investors on Thursday, Stock Ratings Network.com reports. The firm currently has a a neutral rating on the stock. “Our Neutral rating balances notable investment positives, including a highly differentiated business model, appealing product portfolio, and leading edge technology, with above average execution risk and valuation that seems to be pricing in a lot. Tesla is attractively saddled with none of the pension, OPEB, and other legacy costs which frequently burden large entrenched automakers. Its products are bold, distinctive, elegant, and highly entertaining to drive. The company is led by visionary leadership, backed by a management team with solid functional strength.

Has Tesla Lost Touch With Reality? (Fool)
…Motley Fool industrials analyst Blake Bos takes a look at Tesla Motors Inc (NASDAQ:TSLA) current share price, and why it may be disconnected from reality. Shares of the company are up 117% year to date, with a sharp pop on earnings news after the company announced its very first profitable quarter. These increases bring the company up to a market cap larger than FIAT, and potentially only slightly smaller than Lexus would be if it were a stand-alone company. Blake compares sales for these two brands to current sales for Tesla, and shows investors what kind of already-baked-in growth Tesla’s share price would have to hit in order to justify its current valuation. Finally, Blake gives his overall take on Tesla, and whether it’s a buy, a hold, or a sell at today’s prices.

Tesla hits another dealership roadblock in North Carolina (BizJournals)
A legislative proposal in North Carolina would prohibit Tesla Motors Inc (NASDAQ:TSLA) and any other car maker from bypassing dealerships and selling directly to customers in the state. The News Observer reports the proposal would prohibit selling cars over the phone or the Internet and delivering them to customers. North Carolina is the latest state where Tesla (NASDAQ: TSLA) has found resistance to its plans for direct car sales.

Tesla Model S outsells Mercedes & BMW say CNN. Rubbish. (CarsUK)
We don’t have much time for the push to make the electric car a replacement for the ICE car. But we do applaud – and covet – the Tesla Model S for its technical ability and performance. And its tax breaks. The Model S is proving a big success for Tesla Motors Inc (NASDAQ:TSLA) – and giving Tesla its first trading profit ever and a big jump in share price in the process – with sales in the first quarter of 2013, which saw 4,750 Model S leave Tesla Motors Inc (NASDAQ:TSLA) for customers garages. Now CNN are talking up the success of the Model S (although they seem to have lifted the comparison from Green Car Reports) further by claiming it is now so successful it’s outselling the German luxury competition with far more sales so far in 2013 than the Mercedes S Class, BMW 7 Series and Audi A8. But that’s a pointless comparison.


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