In response to the news that Tesla Motors Inc (NASDAQ:TSLA) was planning to offer additional shares to the market, Bank of America Corp (NYSE:BAC) released a new report on the company. The BAC report is, as it readily admits, out of consensus, and that’s what really makes it interesting. In a period when analysts seem to be competing on who can give Tesla Motors Inc (NASDAQ:TSLA) the highest price target, some pessimism is refreshing, and it could be very educational. The report puts a twelve months price target of $37 on Tesla Motors Inc (NASDAQ:TSLA) shares, unchanged on the news of…
Tesla Motors Inc (TSLA): An Opportunistic Capital Raise
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.