Market Overview

Deutsche Bank Reiterates on Tesla Motors on Favorable Entry Point

Related TSLA
Tesla And China Unicom In Deal To Build Charging Stations
Ford Producing 2015 Mustang at Flat Rock Assembly Plant
Get Ready for a Hot September for Stocks (Fox Business)

In a report published Wednesday, Deutsche Bank analyst Dan Galves reiterated a Buy rating and $200.00 price target on Tesla Motors (NASDAQ: TSLA).

In the report, Deutsche Bank noted, “We are reiterating our Buy recommendation on Tesla as we see a series of positive catalysts over the next several months that could lead to renewed confidence in the company's earnings trajectory. These include: 1) A favorable resolution of the NHTSA investigation; 2) Initial news on (what we believe will be very strong) China order flows; 3) Increased visibility on an accelerating order/production ramp, and; 4) Further gross margin improvement and operating expense leverage (which may be significantly better than consensus).”

Tesla Motors closed on Tuesday at $120.50.

Posted-In: Dan Galves Deutsche BankAnalyst Color Analyst Ratings

 

Related Articles (TSLA)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters