Baird Bullish on Tesla Motors (TSLA) Into Q2 Delivery Announcement

Baird analyst Ben Kallo reiterated an Outperform rating and $335 price target on Tesla Motors (NASDAQ: TSLA) ahead of the Q2 delivery announcement.

Kallo commented, "Although we don’t have a clear read on Q2 deliveries, we expect TSLA to meet its guidance of ~10.5k vehicles. That said, some Street estimates are calling for a delivery beat, which is likely setting high market expectations. We would use any weakness in shares as a buying opportunity as we want to own shares into the Model X launch and believe upcoming catalysts will drive shares higher."

The Q2 delivery release is expected in the next week.

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 $262.02 yesterday.

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