Monday, March 9, 2015

Used cars could be Tesla's secret weapon (TSLA)

Over the weekend, Credit Suisse Dan Galves published a research note on Tesla. Galves is bullish on the electric car maker: his $290 target price is about where the stock peaked in September of 2014 — $100 higher than where Tesla is currently trading and miles above Tesla mega-bear John Lovallo of Bank of America Merrill Lynch, whose target price is a mere $65. Galves makes the highly relevant point that Tesla needs strong demand in 2015 to hit its optimistic sales goal of 55,000 vehicles — and...-> read more

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