Tesla (TSLA): Solid Quarter And Commentary, Raising Ests - Baird

October 27, 2016 8:58 AM EDT
Get Alerts TSLA Hot Sheet
Price: $192.18 -0.06%

Rating Summary:
    16 Buy, 14 Hold, 9 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 21 | Down: 36 | New: 11
Trade TSLA Now!
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.

Baird analyst, Ben Kallo, reiterated his Outperform rating on shares of Tesla Motors (NASDAQ: TSLA) after Q3 results beat expectations across the board with strong gross margin, demonstrating improved operational efficiency.

Management confirmed that the battery factory (cell production in Q4) and Model 3 (volume production 2H:17) are on time. Additionally, Musk indicated a capital raise may not be necessary for the ramp of the Model 3 (although an opportunistic raise could occur).

No change to the price target of $338.

For an analyst ratings summary and ratings history on Tesla Motors click here. For more ratings news on Tesla Motors click here.

Shares of Tesla Motors closed at $202.24 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS Change, Earnings

Related Entities

Robert W Baird, Tesla, Ben Kallo, Model 3

Add Your Comment