Tesla Motors Inc (NASDAQ:TSLA) has had three fires in its
vehicles since the beginning of October. That may seem pretty bad for a company
that until recently hadn’t had any. However, Morgan Stanley analysts note that
these fires don’t necessarily mean the Model S isn’t safe.
They maintain their
Overweight rating and $153 per share price target on Tesla but say they will
keep an eye on the safety issues investors are now concerned about. They also
make an interesting observation about drivers of the Model S because of who may
be driving it now.
Tesla Motors Inc (NASDAQ:TSLA) have been falling since the
company’s latest earnings report this week and this third fire that was
reported. But all in all, these fires aren’t such a big deal for Tesla and
shouldn’t be a big deal for investors. Read more.
No comments:
Post a Comment