Snap Back to Reality; Stifel Updates Ests on Tesla (TSLA) Following Q1 Report, Outlook

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Deutsche Bank Comments on Tesla Motors' (TSLA) Q1

May 8, 2014 7:44 AM EDT

Deutsche Bank maintained a Hold rating on Tesla Motors (NASDAQ: TSLA) with a price target of $220. Comments follow Q1 results. Analyst Rod Lache described the quarter as better than expected.

"Tesla reported non-GAAP EPS of $0.12, compared with DBe of breakeven. We anticipated a number of significant drags this quarter, including sequentially lower revenue (customer deliveries were below production as vehicles were on ships on their way to Europe and Asia), and a significant... More

Goldman Sachs Comments on Tesla Motors' (TSLA) Q1 Results

May 8, 2014 7:38 AM EDT

Goldman Sachs maintained a Neutral rating on Tesla Motors (NASDAQ: TSLA) with a price target of $200. Comments follow Q1 results.

Analyst Patrick Archambault said, "While the quarter posted a headline beat shares fell 7.6% in the aftermarket, which we believe was due to the following factors: 1) 1Q deliveries... More

Buy Tesla Motors (TSLA) 'Aggressively' on Weakness Post Q1 - Baird

May 8, 2014 6:31 AM EDT

Baird analyst Ben Kallo reiterated an Outperform rating and $275 price target on Tesla Motors (NASDAQ: TSLA) following Q1 results, saying the company is set up nicely for a strong 2nd-half performance.

Kallo commented, "TSLA's quarter was good beating Street estimates, but the stock will likely be under pressure against a market that dissects high... More

Tesla Motors, Inc. (TSLA) Tops Q1 EPS by 2c

May 7, 2014 4:07 PM EDT

(Updated - May 7, 2014 4:12 PM EDT)

Tesla Motors, Inc. (NASDAQ: TSLA) reported Q1 EPS of $0.12, $0.02 better than the analyst estimate of $0.10. Revenue for the quarter came in at $620.54 million versus the consensus estimate of $699.1 million.

Deliveries were 6,457 Model S units.

Q2 & 2014 Outlook

We expect to deliver about 7,500 Model S vehicles in Q2 as we move toward our goal of more than 35,000 Model S deliveries for the year. We also plan to produce 8,500 to 9,000 cars in the quarter, representing a 13% to 19% increase over Q1. Planned production is again... More