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A new trendy and chic electric car is being produced by Tesla Motors Inc (NASDAQ:TSLA), which promises a 265 miles per charge maximum range. The company’s stock didn’t have a smooth ride during the year; it began the year at a value of $27 per share then hit the amazing figure of $194.50 per share. Currently the stock’s value is $184 per share.
Min Xu and Wedbush’s Craig Irwin and Min Xu believe that the stock will hit the mark of $240 per share. They pointed out in their investor’s note that the great deal of interest being shown in Tesla’s next generation cars will help the company make it sales for about $45,000. They also said that Tesla’s Model S that is being sold for $70,000 is going good in the market.
Brian Johnson a Barclays’ Capital analyst believes that the stock should have a value of $141 per share. He believes that excellent results for Tesla’s third quarter are the reason for this higher stock value, which the company doesn’t exactly deserve. A price target of $150 per share for 12 months has been given by Efraim Levy an analyst at S&P Capital IQ.
CEO of Tesla Motors Inc (NASDAQ:TSLA) bought the Lotus Espirit that featured in the movie the Spy Who Loved Me for $866,000; he hopes to make this car that could be transformed into a submarine a reality.