Ascendiant On Tesla: Limited Energy That Can Be Put Into A Battery
Speaking to Benzinga, Ascendiant Capital Senior Research Analyst Theodore R. O'Neill said that there was no way to know how Tesla Motors Inc (NASDAQ: TSLA) will address range anxiety with a software update.
O'Neill indicated that he could not see how Tesla CEO Elon Musk would solve the issue since there is limited energy that can be put into a battery.
According to O'Neill, it was best to wait for the press conference to see what exactly the company has planned.
The Tesla press conference to address range anxiety was scheduled for Thursday.
Shares of Tesla closed Monday at $195.70, up 3.72 percent.
Kevin Riley and Brianna Valleskey contributed to this report.
Latest Ratings for TSLA
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Feb 2022 | Daiwa Capital | Upgrades | Neutral | Outperform |
| Feb 2022 | Piper Sandler | Maintains | Overweight | |
| Jan 2022 | Credit Suisse | Upgrades | Neutral | Outperform |
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