http://m.barrons.com/articles/BL-SWB-39940
Tesla: A Good Buy?
By Ben Levisohn
Was
Tesla Motors (
TSLA) a good buy at $242, where it
sold 2.7 million shares in a secondary offering?
Global Equities Research’s Trip Chowdhry, who rarely has anything bad to say about Tesla, thinks it is:
Dan Neil/The Wall Street Journal
Tesla Stock sale at $242 – is it a good Buy/Entry Point?
We think so – Tesla is a good buy at $242….however, the stock with continue to be volatile, with an upward bias.
We continue to maintain our 12 -18 months price target of $385 on TSLA is based on a revenue multiple of 5.4X FY2016 estimates of $9.11 Billion…
Tesla,
Google (
GOOG) and
Apple (
AAPL) all have stealth projects dedicated to Auto’s innovation had accelerated in Autonomous driving, Human-Car Interface, Power Trains, Power Systems, Material Science and associated Business models and ecosystems etc
This new industry will not be a zero-sum game anytime for the next 10 to 15 years …and our research indicates that all these three -Tesla, Google and Apple will be successful in creating and owning a part of this probably $1Trillion transportation market.
Shares of Tesla have gained 0.5% to $243.68 at 1:44 p.m. today, while Google is little changed at $656.71, and Apple has gained 0.1% to $115.27.