“Baird analyst Ben Kallo reiterated an Outperform rating and $275 price target on Tesla Motors (NASDAQ: TSLA) saying recent weakness related to the oil price decline provides a buying opportunity,” StreetInsider Reports.
Kallo commented, “We believe the recent decline in TSLA shares is largely driven by the concern low gasoline prices could impact demand if sustained for the long term. That said, we think the weakness provides a buying opportunity as we believe TSLA will continue to see strong demand which is largely driven by performance, quality, and brand. We would be buyers of the stock at current levels.”
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