Tesla (TSLA) Delivered 14,820 Vehicles in Q1 vs. 16,000 Expected
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Tesla's (TSLA) Q1 Delivery Numbers Add Concern to Production Ability, But Maintained FY16 Outlook is Positive - Stifel
April 5, 2016 6:44 AM EDTStifel affirms its Buy rating and $325 price target on Tesla (Nasdaq: TSLA) following the company's Q1 delivery update issued Monday night.
Analyst James Albertine offered the following commentary: This is a sobering report in light of the impressive orders for the upcoming Model 3, primarily as our recent conversations with investors have centered on TSLA's ability to ramp vehicle production. Having visited... More
Tesla (TSLA) PT Raised to $280 at Credit Suisse Despite Weak Q1 Deliveries
April 5, 2016 6:26 AM EDTCredit Suisse analyst Dan Galves raised his price target on Outperform-rated Tesla Motors (NASDAQ: TSLA) to $280.00 (from $240.00) despite Q1 deliveries of 14,820 versus 16,000 guidance. The company noted significant Model X component shortages in January and February that lasted longer than the company expected as the key reason for the shortfall.
Galves notes a substantial uptick in production during March happened too late in the quarter to meet guidance, but gives management enough confidence to reiterate... More
Tesla (TSLA) Delivers 14,820 Vehicles in Q1; Affirms FY16 Delivery Outlook
April 4, 2016 4:27 PM EDTTesla (Nasdaq: TSLA) Q1 deliveries consisted of 12,420 Model S vehicles and 2,400 Model X vehicles. Q1 deliveries were almost 50% more than Q1 last year and Tesla remains on track to deliver 80,000 to 90,000 new vehicles in 2016.
(Note: The company was forecasting deliveries of 16,000 units for the quarter.)
The Q1 delivery... More
