Tesla (TSLA) Model 3 Drives Delivery Upside - JMP Securities

JMP Securities analyst Joseph Osha reiteraed the $840.00 price target on Tesla (NASDAQ: TSLA) after the company reported unit deliveries for the March quarter that beat expectations, driven by higher than expected volume for Model 3.

The analyst maintained a Market Outperform rating, stating "Evidently the company’s delivery activity late in March was not as disrupted as we had expected. TSLA did not provide much detail in its press release, but we expect that the 76,200 Model 3 deliveries – well above our 61,600 estimate – were driven more by the U.S. than by Europe or Asia".

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