Baird Offers Preview for Tesla's Q4 Results, Lifts Target from $187 to $215

Baird maintains Tesla Motors, Inc.

with a Outperform and raises the price target from $187.00 to $215.00. The firm said, "we believe several catalysts could drive the stock higher including 2014 delivery guidance, additional battery factory details, and a possibility for more info on a new production line." Shares of Tesla are trading up more than 3 percent in pre-market action Tuesday. Traders are passing around a story Apple's Adrian Perica spoke with Tesla head Elon Musk last spring.