25.09.2014 - Demand for production of Tesla in China is growing rapidly
Shares of Tesla Motors which manufactures electric vehicles continue to the decline after the price reached $ 290 per share. Despite the correction, according to our estimates, the company has considerable potential for growth. Among the main reasons that will contribute to the growth of financial indicators should be highlighted the strong demand for automobiles in China, where despite expansion of the dealers and maintenance of vehicles, the waiting time for delivery to the customer increased from 4 to 6 months, indicating a significant potential for growth in sales at the largest automotive market in the world. We expect to resumption of purchases of shares of the company in the range of 240-250 dollars and maintain medium-term positive forecast on the stocks with the growth potential of up to 60% for the year.