Tesla (TSLA) PT Raised to $728 at Baird Ahead of Q4 EPS; Speculates Elon Could Propose 'One Superstructure' for His Business Interests

Baird analyst Ben Kallo raised the price target on Tesla (NASDAQ: TSLA) to $728.00 (from $488.00) while maintaining an Outperform rating.

"Tesla will report 4Q20 earnings this Wednesday evening as it closes an enterprise-altering 2020. After breaking ground on factories in Berlin and Austin, launching Shanghai operations in earnest, and keeping promises of selling ~500k cars in 2020 from years past, Tesla is entering the next stage of its evolution," Kallo commented.

He added, "While mostly conjecture on our part, Elon may be interested in proposing to combine his business interests into one superstructure."

The analyst reiterate an Outperform rating as we believe bias for the stock remains to the upside near term."

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