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Model X and Demand Trends Looking Positive At Tesla

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In a report published Thursday, Credit Suisse analyst Dan Galves reiterated an Outperform rating on Tesla Motors (NASDAQ: TSLA), but lowered the price target from $325.00 to $290.00.

In the report, Credit Suisse noted, "Despite Q4 volumes being the highest in history, the company disclosed 10k Model S orders in-hand at the end of 2014 (not including 1,400 veh's produced in Q4 but delivered in Q1). We believe this is probably the biggest book of firm orders that Tesla has ever had…impressive given that Model S has been in the market for 2.5 years. Global order flow improved over the course of Q4 (despite a significant reduction in China) and TSLA has recently seen sequential weekly order improvements in China."

Tesla Motors closed on Wednesday at $212.80.

Latest Ratings for TSLA

DateFirmActionFromTo
Oct 2020Morgan StanleyMaintainsEqual-Weight
Oct 2020Canaccord GenuityMaintainsHold
Oct 2020BairdUpgradesNeutralOutperform

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Posted-In: Credit Suisse Dan GalvesAnalyst Color Price Target Analyst Ratings

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STMCanaccord GenuityMaintains47.0
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