Tesla To Miss 2014 Delivery Goal, Stifel Says

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Tesla Motors Inc. will announce the delivery of 31,750 cars in 2014, falling short of its goal to deliver 33,000, analysts at Stifel said in a note Tuesday. The analysts kept their buy rating on the stock, however, and a price target of $400, "given the lack of competition, misplaced concerns related to consumer demand, and (Tesla's) continued progress scaling core production." Tesla is scheduled to report fourth-quarter earnings on Wednesday, with consensus calling for earnings of 30 cents a share on sales of $1.21 billion in the quarter, according to FactSet.

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