William Blair on Tesla (TSLA) Musk Pay: 'this news is pushing Tesla sentiment higher, pushing right past our near-term concerns on the environmental credit revenue'

William Blair analyst Jed Dorsheimer reiterated a Market Perform rating on Tesla (NASDAQ: TSLA).

The analyst comments "Tesla’s new incentive plan for Elon Musk signals he is here to stay and win. If he can pull off the long-term goal of an $8.5 trillion market cap company, this would be an incredible achievement and aligned with shareholders. We expect this to pass in the same manner the 2018 plan did, as well as the ratification of that plan last year. Tesla shareholders will be excited today that Musk is incentivized for the next decade and can potentially be awarded 25% ownership, a point he has mentioned many times. Paired with the public rollout of robotaxi on Thursday, this news is pushing Tesla sentiment higher, pushing right past our near-term concerns on the environmental credit revenue. We maintain our Market Perform rating."

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

Shares of Tesla closed at $338.53 yesterday.

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