Oppenheimer Remains Bullish on Tesla (TSLA) Following Model X Launch

Oppenheimer reiterated an Outperform rating and $340.00 price target on Tesla Motors (NASDAQ: TSLA) following the launch of the Model X. In many ways after a nearly two-year delay in launch, just producing the Model X and commencing commercial manufacture is a point of note for TSLA shares, but do not expect much movement in shares coming out of this launch.

Analyst Colin Rusch commented, "We continue to believe that a successful launch and ramp of the Model X are largely priced into TSLA shares but that a ramp of the gigafactory, proving the market for stationary storage, and the Model 3 are still not reflected in the current price. With that in mind we publish a few thoughts on the Model X launch."

For an analyst ratings summary and ratings history on Tesla Motors click here. For more ratings news on Tesla Motors click here.

Shares of Tesla Motors closed at $246.65 yesterday.

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