Analysts Remain Positive TSLA In Light of Model X And Powerwall
TipRanks | Jun 08, 2015 10:08AM ET
Tesla Motors Inc (NASDAQ:TSLA) has been garnering a lot of attention from Wall Street analysts and investors over the past several years as it rolls out new models of its luxury electric vehicles. Most recently, Tesla is slated to release the Model X, an all-wheel-drive crossover SUV that will be cheaper than the Model S.
Additionally, Tesla will release the Model 3 next March and be available for regular purchase in 2017. At $35,000 the Model 3 will be the most affordable Tesla to hit the market. Investors hope that the Model 3 will fill the void of an affordable, small, electric vehicle and boost sales.
Tesla also recently announced that it will go beyond cars and enter the energy storage sector with its home battery product; Powerwall. Powerwall will be charged through solar panels and will be equipped to power homes at night as well as provide backup electricity in the event of a power outage. The Powerwall will be retailed at $3,000 and become available for delivery in late summer.
Baird analyst
Ben Kallo has rated Tesla 31 times since February 2013, earning an 85% success rate recommending the stock and a +34.9% average return per recommendation. Overall, the analyst has a 61% success rate recommending stocks and a +11.6% average return per recommendation.
Similarly on June 5, Dougherty analyst
Andrea James has rated Tesla 12 times since May 2011, earning a 92% success rate recommending the stock and a +31.2% average return per recommendation. Overall, she has a 63% success rate recommending stocks and a +9.4% average return per recommendation.
On average, the top analyst consensus for Tesla on TipRanks is Moderate Buy.
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