Market Overview

Tesla Can't Produce Fast Enough Says Elon Musk

Share:
Related TSLA
The 'Burning Man' Investment Plan
Trading Pro Discusses The 'Honey Badger' Stock He Just Bought
Tesla's (TSLA) Model X Signature Gets Ready for Launch (Zacks)

CNBC interviewed Longboard Asset Management's Cole Wilcox Thursday following Tesla's (NASDAQ: TSLA) earnings report. Wilcox is notorious for saying that Tesla could rise to $200 per share before it began its massive run up since early this year.

"Tesla doesn't have a demand problem," he said when referencing the vehicles in Tesla's leasing program. Rather, he cites a conversation he had with CEO Elon Musk in which Musk said that Tesla's real problem currently is that the company cannot produce batteries fast enough to meet demand. "They have a production problem."

Analysts are divided on the stock currently as many are afraid to call a top and recommend selling the stock. However, noted short-seller Citron Research recommended a short in Tesla on July 30. Depending on exactly when they went short, it seems as though Citron went short around $134. Should this be the case, they are facing massive losses as Tesla's stock rocketed almost to $160 on earnings today.

Related: EXCLUSIVE: The Shorts Are Taking A 'Wait And See' Approach With Tesla.

After the earnings, Citron said that they are adding to their short. They tweeted:

Have your say on Tesla here and let us know what you think of the stock.

Latest Ratings for TSLA

DateFirmActionFromTo
Aug 2015Morgan StanleyMaintainsOverweight
Jul 2015UBSDowngradesNeutralSell
Jul 2015Pacific CrestDowngradesOverweight

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: Cole Wilcox Elon MuskAnalyst Color CNBC Price Target Analyst Ratings Movers Media

 

Related Articles (TSLA)

Get Benzinga's Newsletters