Deutsche Bank Reiterates Hold Rating on Tesla (TSLA) Following 'Mixed' 1Q Report; 'Largely In-Line, Requires Strong Model 3 Launch'
Deutsche Bank maintains Hold rating and $240 price target on Tesla Motors (NASDAQ: TSLA), following the company's first quarter earnings report.
Analyst Rod Lache notes the company provided a mixed first quarter report, offering earnings per share print below the Street, while delivering revenues above consensus projections, despite higher operating costs, as management has the potential to achieve positive FCF in 2018.
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Shares of Tesla Motors closed at $311.02 yesterday.