- Pacific Crest analyst Brad Erickson thinks Tesla Motors (TSLA +4%) is "attractively valued" when looking at the EV's growth trajectory out to 2016.
- The investment firm is sticking to a shorter time-frame when making its Tesla analysis, which takes some execution risk off the table with the Gigafactory and Model III launch.
- Optimism over the Model X will continue to rise, forecasts Erickson.
- A price target of $316 on TSLA by Pac Crest factors in a valuation of 4X EV/2016 revenue.
at CNBC.com (Wed, 8:12AM)