Tesla Model X

Tesla Model X

According to Global Equities Research analyst Trip Chowdhry, cited by Benzinga, early Tesla Model X owners "are just loving" the car.

Chowdhry believes not only in Model X success, but is optimistic about the company and also set a $385 price target for Tesla shares in the next 12-18 months. (Tesla has been trading around $200 after some very rough sailing for the US equity markets in general so far this year, off ~8%)

"We now know of 3 TSLA Model X Owners," Chowdhry said. "These owners have given rides to their family members, relatives and friends...they were so impressed by Model X, that they also reserved a Model X."

Chowdhry said Model X owners he's talked to "are just loving" the car, adding that they liken the experience to "sitting in a helicopter cockpit." The analyst predicts demand to continue to outpace Tesla's actual production."

Source: Benzinga