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March 26th, 2014 at 11:09 am
Tesla Motors roundup: UBS caution, Ohio deal, and Model X buzz • 11:06 AM
UBS shifts to Neutral on Tesla Motors (TSLA -1.4%) on its view that momentum has played out and fundamentals will settle in. The investment firm has a price target of $230 on the EV automaker.
The Ohio Automobile Dealers Association has worked out a deal with Tesla that will see the company be allowed to operate three stores in the state without a hassle from the group.
Over 12K Tesla Model X reservations have been made with deposits, according to watchers of Tesla Motors Club's website. Though Tesla order tracking is more an art than a science, the indication is that the Model X is generating plenty of buzz.