UPDATE: Jefferies Raises PT on Tesla Motors Following Big 1Q Beat

by Benzinga Staff
May 9, 2013 12:03 PM | 28 seconds read | Make a Comment

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In a report published Thursday, Jefferies analyst Elaine Kwei reiterated a Buy rating on Tesla Motors (NASDAQ: TSLA), and raised the price target from $68.00 to $70.00.In the report, Kwei noted, “Wednesday after the close, TSLA posted big beats on deliveries, revenue, and earnings, driving the stock up approximately 25% in afterhours trading. TSLA's 1Q results demonstrated significant progress on costs in its first quarter at a full production run rate. The company raised FY2013 delivery guidance in a show of confidence. And things are just getting started.”Tesla Motors closed on Wednesday at $55.79.

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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

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