Goldman Sachs Says It's 'warming Up' To Tesla

Shares of Tesla Motors Inc. have lost enough ground to make them attractive to more investors, analysts at Goldman Sachs said in a note earlier this week. Shares have lost a third of their value since a 2014 peak in September, in part over concerns about lower gasoline price, new electric cars entering the market, and capital spending, the Goldman analysts said. They kept their rating on Tesla's stock at neutral, however, saying that valuations still hold them back "from having an outright buy." Goldman has a six-month price target of $214 on the stock, a 13% upside over Wednesday prices.

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