TSLA: Baird Reaffirms Tesla Stock Rating

by Christopher Freeburn | April 7, 2014 11:50 am

On Monday, one investment firm indicated that continues to remain confident[1] in Tesla Motors (TSLA[2]).

Robert W. Baird reiterated its existing “Buy”rating for TSLA shares in a note issued to investors. That compares to a “Neutral” rating for TSLA stock from UBS (UBS[4]) analysts, who have set a $230 price target for TSLA stock. Last month, Wedbush cut their price target for TSLA stock to $275 a share, Zolmax notes.

Despite the vote of confidence from Robert W. Baird, TSLA stock sank modestly in Monday morning trading. Tesla stock has surged more than 400% over the past year. Tesla stock closed at $212.23 a share on Friday.

TSLA has been battling automotive dealership association lobbyists to gain permission to sell its vehicles directly to consumers in a number of states. It has scored recent direct-sales victories in Arizona and Ohio, persuading state lawmakers to carve exemptions[5] into laws mandating vehicle sales through in depended dealers.

However, last month New Jersey ruled that Tesla cannot sell its pricey electric cars through its own sales locations[6] in the Garden State.

More Tesla News:

• TSLA: Tesla Gets OK to Keep Existing NY Store[7]
• TSLA: NHTSA Closes Investigation Into Tesla Fires[8]
• TSLA: Tesla Installs New Battery Shields to Prevent Fires[9]

Source URL: https://investorplace.com/2014/04/tsla-baird-reaffirms-tesla-stock-rating/

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