Is Tesla Going Towards A Share Price Of $365?

The auto manufacturing company is all set to launch not only its first low-end priced car, but also its battery packs soon, which is why analysts at Jefferies have given it a price target of $365 for a period of 12 months.

Tesla Motors is in the news again, and this time it is because of the highly ambitious share price the auto-making company has received from analysts at Jefferies, which has been raised to $365 from a prior target of $360. The analyst, Dan Dolev, who has presented the recent research note regarding the progress and potential of the electric car makers, also believes that the auto giant deserves to be presented with a buy rating as well.

The same analysts also showed that very soon the hybrid car producers would be going up on the Tesla stock by a massive 39%, which would be majorly supported by the upcoming battery project that would see batteries rolling out in the market soon. However, there are some analysts in the industry as well who believe that more than half of the industry is currently looking towards the release of the company’s first SUV Model X, which is to bring about a huge change in its business as well.

The auto making giant is currently looking towards launching its first car, which is aimed for general audience as well and has not been made to be a luxurious one. However, the same high-end features will be added to the low priced electric vehicle, which will come around at being $35,000.

The car will naturally be a smaller but analysts are of the opinion that if the automaker is looking towards selling more cars, it is necessary that it reduce the price of the car to some extent, as the batteries installed in the car would also be expensive. If the company really wishes to reach out to the masses and not just a particular group of the society, some changes will be needed to be taken.

Analyst Dolev who has made a research on Tesla cars is also of the opinion that this price of the cars will eventually come down in the future, precisely in the year 2020 because that is when the firm has aimed to put on as many EVs on the roads as it can.

If the battery production is carried out successfully, this plan of the firm could actually end up being true. Tesla Stock News also suggests that the giant is currently looking towards cutting down its cost by around 30-50 percent by the year 2020, which is being taken as close to impossible by some analysts.