UPDATE: Jefferies Raises PT on Tesla Motors Following 2Q Beat


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


In a report published Thursday, Jefferies analyst Elaine Kwei reiterated a Buy rating on Tesla Motors (NASDAQ: TSLA), and raised the price target from $130.00 to $160.00.

In the report, Jefferies noted, “TSLA posted a 2Q beat on all key metrics including deliveries, margins, and earnings. TSLA delivered 5,150 Model S vehicles in North America, with a gross margin of 22%, and was profitable on a non-GAAP basis. TSLA reiterated 2013 shipment and margin guidance but hinted at expansion past 25%. TSLA will present at the Jefferies Global Industrial Conference on Monday, August 12.”

Tesla Motors closed on Wednesday at $134.23.


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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Posted In: Analyst ColorPrice TargetAnalyst RatingsElaine KweiJefferies