Ascendiant Capital Initiates Tesla Motors With Buy

Analysts at Ascendiant Capital initiated coverage on Tesla Motors (NASDAQ: TSLA) with a Buy rating.

The target price for Tesla Motors is set to $320.

Tesla Motors shares have gained 49.54% over the past 52 weeks, while the S&P 500 index has surged 12.42% in the same period.

Tesla Motors' shares fell 1.30% to $235.00 in pre-market trading.