Global Equities Sees Higher Deliveries and Production from Tesla Motors (TSLA)

Global Equities analyst Trip Chowdhry reiterated his Overweight rating and $385 price target on Tesla Motors (NASDAQ: TSLA), saying he sees upside to Q2 deliveries and production.

Below is the firm's the comprehensive view on TSLA after regular checks around Tesla's Factory, visiting 10 Tesla's Stores every month, attended 2 Sustainability conferences and a Deep Learning summit:

• In 2Q'2015, TSLA may have delivered about 11,250 Car Units; Tesla had guided to 10,000 to 11,000 Units delivered
• In 2Q'2015, TLSA may have produced about 13,100 Car Units; Tesla had guided to 12,500 Units production
• ASP's may be up 5% y-y, as ~90% of shipments were "D" models which have higher ASP's
• We are maintaining our overweight rating and Price target of $385 on TSLA; which is based on our FY2015 revenue estimates of $6.2 billion, and FY 2015 production estimates of 62K to 65K Auto Units

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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