Tesla Motors Inc (NASDAQ:TSLA) stock’s Overweight rating had been maintained by equity research analysts at Global Equities research, in a research note issued to investors on Monday. The analysts have given a price target of $225.00, which is an increase from $150.00. The analysts wrote, “Tesla is creating a new Transport-as-a-Service industry (TaaS), which is probably about a $100 billion Industry.”
Furthermore, they said that in a 5-year course, Tesla Motors Inc (NASDAQ:TSLA) may take 60 percent of this Industry, as its innovation rate is far more than any other hyper growth companies like Amazon.com, Inc. (NASDAQ:AMZN) and salesforce.com, inc. (NYSE:CRM).
Rating from other analysts
Apart from Global equities research firm, other analysts also assigned ratings to Tesla Motors Inc (NASDAQ:TSLA). The stock was given a Sell rating (from the previous Hold) by The Street analyst in a research note published on September 11th. Analysts at Dougherty & Co maintained a Buy rating on Tesla Motors, in a research note to investors on September 10. Dougherty analysts have a price target of $200.
Two Investment analysts have Sell ratings on the stock, while seven suggest a Hold on the stock. Separately, nine analysts have assigned Buy ratings to Tesla Motors. Overall, the company presently has a consensus rating of Hold and a consensus target price of $144.69.
Tesla Europe plans
At the Frankfurt Auto Show last week, the Model S manufacturer announced plans for European expansion for its Supercharger network and showrooms. Last month in Norway, the company started the delivery of the fully electric Model S, which at present has six supercharger stations free for Model S owners. Tesla is eying Germany, Belgium, Denmark, Iceland, Luxembourg, the Netherlands, Spain and Switzerland next.
Elon Musk, CEO of Tesla Motors Inc (NASDAQ:TSLA) said that this fiscal year, the company has already witnessed tremendous growth and expansion all over Europe for its Model S. He assured that, before 2013 ends, European operations will expand further with new stores and service centers in locations like Hamburg, Düsseldorf, Stuttgart, Berlin, Paris, Cote d’Azur/Provence, Stavanger, Vienna, Amsterdam, Basel, Geneva, Rotterdam, Arnhem, Stockholm and London.
For the latest quarter, Tesla Motors Inc (NASDAQ:TSLA) posted earnings per share of $0.20 above the analyst’s estimate of ($0.16). Revenue for the company came in at $405.10 million, compared to the average estimate of $393.40 million. In the corresponding quarter of the previous year, Tesla posted earnings per share of $0.89, and revenue this year surged 1417.2 percent compared to the last year. Consensus estimates are that Tesla motors will post an EPS of $0.61 for the current fiscal year.