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Wunderlich Securities's Theodore O'Neill this morning raised his rating on shares of electric vehicle maker Tesla Motoros (TSLA) to Buy from Hold, writing that his tour of the company's Fremont, California factory on Friday relieved him of concerns the company would not be able to meet its production goals.

O'Neill, who raised his price target to $49 from $30, writes that "We were eager to get into the Fremont factory because we believed the company's goals were ahead of its means in the area of auto production."