Tesla To Miss 2014 Delivery Goal, Stifel Says

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.