Analyst Initiates Tesla Coverage; Uses 66 Year DCF Model

You can’t deny that Tesla Motors Inc (NASDAQ:TSLA) is an impressive company. Its cars are so popular that production can barely keep up, and CEO Elon Musk has established himself as an effective leader with strong vision. Whether the current stock price makes sense is another question entirely, but we’re no longer surprised when we hear the latest uber-bullish price target. So when Ascendiant Capital Markets analyst Theodore O’Neill initiated coverage of Tesla Motors Inc (NASDAQ:TSLA) with a Buy rating and a $320 price target it was the number that surprised us (his PT is in line with Credit Suisse…