BofA/Merrill Lynch Downgrades Tesla Motors (TSLA) to Underperform
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Jefferies Maintains Buy on Tesla (TSLA) Post Q4, Trims Estimates
February 21, 2013 8:20 AM ESTJefferies reiterated its Buy rating and $45 price target on Tesla Motors (NASDAQ: TSLA) following Q4 results which were largely in line with their expectations.
The firm comments, "Production was on track with our forecast and cash usage declined significantly from the prior... More
UPDATE: Tesla Motors, Inc. (TSLA) Posts Q4 Loss of 65c/Share
February 20, 2013 4:02 PM EST(Updated - February 20, 2013 4:27 PM EST)
Tesla Motors, Inc. (NASDAQ: TSLA) reported Q4 EPS of ($0.65), $0.12 worse than the analyst estimate of ($0.53). Revenue for the quarter came in at $306 million versus the consensus estimate of $298.9 million.
From the investor letter:
Our most significant achievement in Q4 was the successful ramp of production volume to more than 400 vehicles per week for three consecutive weeks in December, and this has continued at a consistent rate in Q1. This has established a production level that will allow us to achieve our goal of 20,000... More
