Deutsche Bank Reiterates on Tesla Motors on Favorable Entry Point
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.
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