Friday, April 15, 2011

Tesla Motors (TSLA) Gets More Analyst Support

For some reason the unprofitable Tesla Motors, Inc. (NASDAQ:TSLA) received some analyst support for its high-priced electric cars, pushing the share price of the company up.

Incredibly, Dougherty compared the stage Tesla is now to that of Apple (NASDAQ:AAPL) in the personal computer and electronics spaces. What a bizarre fantasy and illusion that is.

After a recent visit to Tesla's operations in the San Francisco area, Dougherty said they came away believing the company is in the nascent stages of building a viable long-term company.

Dougherty raised their price target on Tesla from $30 to $40. Unbelievable, Morgan Stanley (NYSE:MS) in March put a $70 a share target on the shares of Tesla.

Tesla was trading at $25.50, up $0.36, or 1.43 percent, as of 1:25 PM EDT.

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