Analysts Upbeat as Tesla Stock Rallies Following Battery Tease

April 22, 2015 8:48 PM

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Although still far off from its high of $286.04 reached in September 2014, Tesla stock rallied 4.79 percent today, and is now at $219.44 as of 4:46 p.m. ET. Earlier in the day, the company was trading a bit higher, at $220.76 as of midday. Earlier in the day, Tesla teased an announcement for next week, one where the electric vehicle maker is expected to unveil its own stationary power batteries. But what have analysts been quoted as saying now that we have a good idea of what Tesla will be revealing, and now that we know Tesla will be reporting first quarter earnings on May 6?

Looking at quotes from Barclays’ Brian Johnson, he believes that Tesla is now in a comparatively unfamiliar situation, being that it is announcing a product that has nothing to do with cars. He added that Tesla likely doesn’t have any unpleasant surprises in store regarding the Chinese market, and ...

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