Tesla's (TSLA) Maxwell Deal Could Help Reduce Costs - Baird

May 16, 2019 10:09 AM EDT
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Baird analyst Ben Kallo reiterated an Outperform rating and $400.00 price target on Tesla (NASDAQ: TSLA) after the company completed its previously announced acquisition of Maxwell.

Kallo said while the deal is small, it could help reduce costs in the li-ion battery manufacturing process.

In addition, CEO Elon Musk has previously indicated ultracapacitor technology would be the future of electric vehicles.

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 $231.95 yesterday.



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Robert W Baird, Tesla, Definitive Agreement, Ben Kallo