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Baird Remains Bullish on Tesla (TSLA) Following Announced Layoffs

June 13, 2018 8:27 AM EDT

Baird reiterated an Outperform rating and $411.00 price target on Tesla Motors (NASDAQ: TSLA) following the company's announcement that it plans to cut ~9% of its workforce as part of an effort to reduce costs. Additionally, TSLA announced it will not renew its residential sales agreement... More