UPDATE: JP Morgan Initiates Tesla Motors at Neutral on Valuation, Execution Risks
Posted on December 18, 2012 at 12:57 PM EST
JP Morgan initiated coverage on Tesla Motors (NASDAQ: TSLA ) with a Neutral rating and a $37 price target. JP Morgan said, "We initiate coverage on shares of Tesla Motors (TSLA) with a Neutral rating relative to our combined autos and auto parts coverage and establish a December 2013