UPDATE: BofA on Tesla: '300K Reasons to Have Doubt,' Maintains Underperform, $39 Target
July 08, 2013 at 09:47 AM EDT
BofA Merrill's John Lavallo and John Murphy issued a note on Tesla (NASDAQ: TSLA ) suggesting the current share price implies greater than 321,000 in annual unit sales by 2020. The analysts maintain an Underperform rating and $39 price objective on Tesla shares. Lavallo and Murphy called Tesla's current
