Tesla Motors (TSLA) Bullish View Reiterated at Baird; Remains Top Pick

Baird analyst Ben Kallo reiterated an Outperform rating and $368 price target on Tesla Motors (NASDAQ: TSLA) following strong results and continues to highlight the stock as a top pick for 2017.

Kallo commented, "Q2 results were better than we feared when we previewed the quarter. Importantly, cash balance, demand commentary for all vehicles, and Model 3 margin ramp expectations were positive. Although TSLA is now in “production hell,” we recommend investors own shares into the Model 3 ramp, which should be a several-month period and coincide with positive catalysts as cars are delivered and reviewed, and TSLA shows investors it can “make money” on the Model 3."

For an analyst ratings summary and ratings history on Tesla Motors click here. For more ratings news on Tesla Motors click here.

Shares of Tesla Motors closed at $325.89 yesterday.

You May Also Be Interested In

• Tesla Crash Into Texas Home Now Under Federal Safety Probe - WSJ
• TD Cowen: 'Infineon Technologies AG (IFX:GR) (IFNNY) is a Top Pick'
• Progyny (PGNY) PT Raised to $33 at Truist Securities