Deutsche Bank Reiterates Hold Rating on Tesla (TSLA) Following 'Mixed' 1Q Report; 'Largely In-Line, Requires Strong Model 3 Launch'
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Bernstein Reiterates Market Perform Rating and $250 PT on Tesla (TSLA) Following 1Q Report; 'Continue to Worry About Gross Margin Pressure in 2H17'
May 4, 2017 12:02 PM EDTBernstein reiterates Market Perform rating and $250 price target on Tesla Motors (NASDAQ: TSLA) following the company's first quarter earnings announcement.
Analyst A.M. Sacconaghi notes the company delivered revenues and automotive gross margins above the Street's expectations, despite offering earnings per... More
Wall Street ends flat as health bill passes; energy slammed
May 4, 2017 7:30 AM EDTBy Lewis Krauskopf
(Reuters) - Wall Street ended flat on Thursday as a steep fall for the energy sector countered some solid earnings reports, with major stock indexes closing little changed after the U.S. House of Representatives passed a healthcare overhaul.
The House on Thursday afternoon narrowly voted to repeal major portions of the 2010 Affordable Care Act, known as Obamacare, and replace it with a Republican healthcare plan, sending it to the Senate for consideration.
The bill's passage comes after House Republicans pulled healthcare legislation earlier this year in a setback, raising questions among investors about... More
Tesla Motors (TSLA) PT Raised to $190 at Goldman Sachs
May 4, 2017 6:18 AM EDTGoldman Sachs raised its price target on Tesla Motors (NASDAQ: TSLA) to $190.00 (from $187.00) while maintaining a Sell rating.
Analyst David Tamberrino remains Sell-rating citing potential delay to Model 3 launch curve which he believes will result in the company missing targeted production... More
Tesla plugs older Model S as new buyers turn to Model 3
May 3, 2017 4:15 PM EDTBy Alexandria Sage
SAN FRANCISCO (Reuters) - Electric-car maker Tesla Inc (NASDAQ: TSLA) on Wednesday reported first-quarter revenue that more than doubled, and while saying the upcoming Model 3 was on schedule for July, it downplayed the mass-market vehicle to give a sales pitch for its more expensive Model S.
Chief Executive Elon Musk's bold approach to cars, space exploration and clean energy has fueled investor enthusiasm for Tesla. But skeptics are waiting to see if Musk can fulfill his promise of producing 500,000 cars per year in 2018, or six times Tesla's 2016 production.
... MoreTesla (TSLA) Misses Q1 EPS by 52c, Revs Beat; Says Model3 Development Nearly Complete
May 3, 2017 4:08 PM EDTTesla (NASDAQ: TSLA) reported Q1 EPS of ($1.33), $0.52 worse than the analyst estimate of ($0.81). Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.6 billion.
For earnings history and earnings-related data on Tesla (TSLA) click here.
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