Tesla - JPMorgan Chase and Co Reiterates TSLA with Underweight, price target: $155 from $135
- Citing valuation appears to be pricing in upside related to expansion into mass-market segments well beyond firm's volume forecasts for the Model 3 and Model Y
- Firm notes the above average execution risk and valuation that seems to be pricing a lot, seems to more than off-set notable investment positives including a highly differentiated business model, appealing product portfolio, and leading-edge technology