Big price tag seen for Musk's Tesla 'master plan', shares fall
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Tesla's (TSLA) Updated Master Plan Offers Few Surprises - UBS
July 21, 2016 9:03 AM EDTUBS analyst Colin Langan reiterated a Sell rating and $160 price target on Tesla Motors (NASDAQ: TSLA) following the company's 'Secret Master Plan Part 2."
The plans is: tackle solar/storage, mass/commercial transport, fully autonomous tech, and car-sharing.
"With expectations around TSLA's future already high, we question if this new plan will surprise most investors," Langan said. "The integrated solar-storage was known post the SCTY deal, more models were expected, and autonomous/shared vehicles are a likely part of many OEM's plans. Tesla previously alluded to improving factory. TSLA now... More
