JP Morgan, Morgan Stanley Comment On Tesla Prior To Q2 Earnings

Tesla Motors TSLA second quarter earnings release are scheduled for after Thursday's close.

The current second quarter consensus for Tesla are and EPS of $0.04 and revenue of $810.61 million.

JP Morgan - Neutral, $163 Price Target

At JP Morgan, the analysts say Tesla is "attractively saddled" with none of the pension and other legacy costs usually associated with the auto industry. Furthermore, they noted that the company has "visionary" leadership and products that are both bold and elegant.

Despite all of this, the team at JP Morgan believe there are still valid concerns regarding expansion into higher-volume markets and see the potential upside from this expansion as being largely priced in at the current levels.

JP Morgan is looking for the company to post $0.07 EPS and 7,800 retail deliveries in the second quarter.

Morgan Stanley - Overweight, $118 Price Target

Earlier this week, Morgan Stanley suggested buying the dip that they believe will result from Thursday's earnings release.

In the report, the analysts at Morgan Stanley said there is likely to be a few items in Tesla's second quarter earnings that will weigh on the stock in the near-term. However, they noted that this presents an opportunity for the long-term investor, as they see Tesla as the only U.S. OEM with material upside.