Baird Equity Research Reiterates on Tesla Motors Ahead of Q3:13 Earnings Report

In a report published Monday, Baird Equity Research analyst Ben Kallo reiterated a Neutral rating and $187.00 price target on Tesla Motors TSLA. In the report, Baird Equity Research noted, “We reiterate our Neutral rating ahead of TSLA's Q3:13 earnings report. We anticipate production and deliveries to be slightly higher than Q2 and expect gross margins to be slightly lower due to a reduction in ZEV credit revenue. We believe investors will be focused on deliveries, Model X production timeline, build-out of the supercharger network, and demand from Asia and the EU. Additionally, we think the stock is currently priced for a flawless quarter.” Tesla Motors closed on Friday at $162.17.