Tesla (TSLA) PT Raised to $195 at Jefferies
Jefferies analyst Philippe Houchois raised the price target on Tesla (NASDAQ: TSLA) to $195.00 (from $165.00) while maintaining a Hold rating.
The analyst comments ""We, Robot" mostly fell flat. Without much indication of progress on either technology or business models, we are back to focusing on operations and lingering concerns about governance and funding. For Q3 we expect Revenue/AutoGM/EBIT/FCF $19.9bn/14.5%/$1.98bn/1.6bn driven by stabilization of Autos, partly against lagging Western competitors and ZEV/Energy providing the upside to our estimates in outer years. PT to $195 ($165)."