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Tesla Stock Price Rises on Improved Outlook from Deutsche Bank

By  +Follow September 19, 2013 11:52AM
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Tesla Motors (TSLA) saw a jump in its stock price after analysts at Deutsche Bank (DB) reiterated their buy rating and raised the price target from $160 to $200 a share. Shares were up 3.3 percent in premarket trading and had popped almost 8.25 percent by mid afternoon. The gains helped push Tesla’s stock price to a new high of $180.30 a share.

Deutsche Bank Optimistic about Tesla’s Prospects

Analysts at the German bank saw reason to believe in Tesla’s continued growth despite a price that already significantly outpaces its earnings.

“Based on conversations with management and monitoring information available on Tesla owners’ blogs, we believe that the company is on-track to modestly outperform Q3 margin expectations,” said Dan Galves, lead analyst for Tesla at Deutsche, while noting growing demand across the United States and Europe and increasing production rates at Tesla factories. "As Tesla continues to execute to margin targets and demonstrate strong demand for their product, confidence in the late-decade volume, margin, and earnings estimates that justify upside to the current valuation will likely grow."

Deutsche Bank weren’t the only ones with a rosy outlook for Tesla stock. Northland Securities said that vin numbers have increased to 7,000 since the start of the quarter and 6,000 deliveries or more are likely in Q3. Southland stated that this made Q3 pro-forma earnings estimates look conservative and boosted its own price target to $230 while reiterating its outperform rating.

Elon Musk Net Worth Keeps Growing

Tesla’s CEO, Elon Musk, has been in the news all year, between a high-profile conflict with the New York Times to his proposal to the state of California for the high-speed train known as the HyperLoop. Musk, who also co-founded PayPal (EBAY) owns a 32 percent stake in Tesla, and has seen shares in his company more than quadruple this year, gaining over 370 percent just since the start of April and putting estimates of his net worth north of $6.5 billion.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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Results for TSLA
Stock Hobbit
22 May 15 15:08:06
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WLST.com
22 May 15 14:52:53
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TSLA Speedreader
22 May 15 14:52:24
$TSLA #Tesla Traders trawling for catalyst to rally market http://t.co/4PdqoPdgQF
Breaking News Now
22 May 15 14:47:01
$.DJI $.SPX $.NDX $DIS $WEN $TSLA $MDLZ $GRPN $PCLN: Traders trawling for catalyst to rally market: http://t.co/jw9bUkuy8d
AZComendador
22 May 15 14:43:37
$TSLA CPO shop began with 170 cars April 27. After selling 140 they have... 230 still. http://t.co/BWnDJoQGXN http://t.co/GZ25DBIr7i
AZComendador
22 May 15 14:36:12
Seriously, anybody open this and tell me how much they spent buying back cars! $TSLA http://t.co/fZ6XquQnZC Nowhere to be seen
AZComendador
22 May 15 14:35:05
$TSLA has many hundred tradeins bought at inflated prices to generate 'demand', now selling 3 a day #constrainedmyeye http://t.co/BWnDJoQGXN
AZComendador
22 May 15 14:33:45
More $TSLA transparency: failing to disclose how much was spent buying back cars to generate additional 'sales' http://t.co/nnqSGj9OuO
FinBUZZ Just-IN
22 May 15 14:25:03
These assets are seeing a jump in tweets $DJIA Kroger + Stock $TSLA $GOOG http://t.co/gSOvO3aLCX
TalkMarkets
22 May 15 14:24:55
Video: #Tesla New Trade - Long Call Spread $TSLA http://t.co/xmSq7lJTFd
Anthony
22 May 15 14:12:06
RT @WallStJesus: +600 $TSLA DEC $280 CALLS
Lucky Jimmy
22 May 15 14:03:35
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Rosner Stocks
22 May 15 14:00:37
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22 May 15 13:59:34
ABX Barrick Gold Corp. Bid Size http://t.co/NM3lsyz8dK $ABX $TSLA $LMT $MCD #ABX #pennystocks #finance
Invest | Donate
22 May 15 13:53:46
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PolgarStocks
22 May 15 13:47:08
$IBB Reviews Updated Friday, May 22, 2015 4:07:12 PM $TSLA $AMZN $NUGT $CPST http://t.co/v3NcwfsLaD
PolgarStocks
22 May 15 13:47:07
$WFM Percent Change Updated Friday, May 22, 2015 4:07:12 PM $TSLA $FB $GILD $XLP http://t.co/DfsE0HXrun
Stock Forums
22 May 15 13:45:04
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22 May 15 13:42:04
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Mike Gonzales
22 May 15 13:40:12
$tsla sell Cuts Rating on Model X Margin Outlook http://t.co/yRNEE6Kpgj via @business
leahanne
22 May 15 13:39:06
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22 May 15 13:38:09
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Lucky Jimmy
22 May 15 13:35:35
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HappyInAustin
22 May 15 13:32:20
$TSLA closed at a good level.. needs to make a run for that 254 i am waiting on .
Bluntist
22 May 15 13:29:01
RT @Caliquil: @thebluntist nice call on $TSLA...
Venky Srinivasan
22 May 15 13:27:51
"@sspencer_smb: last week's support held in $TSLA which was my 1 trade. weekly calls look good on a break of 250" http://t.co/45PZwVWUBz
ProTradersNews
22 May 15 13:27:02
$TSLA: Robocars and Hyperloops: 10 Tech Predictions From VCs: http://t.co/herpnzKCI5
Watchhimtrade.com
22 May 15 13:26:24
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Nerd Criollo
22 May 15 13:25:13
Hoy #Tesla Motors, Inc. $TSLA cerró a $247.8075.
steven spencer
22 May 15 13:24:33
last week's support held in $TSLA which was my 1 trade. weekly calls look good on a break of 250 http://t.co/dZ0TNSBezB
Vega Vandal
22 May 15 13:21:10
I'm curious if $TSLA supercharger stations could be used for other EVs and whether they'd do deals to utilize their pre-existing infra.
Stock Rocket
22 May 15 13:18:18
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Chris Soria
22 May 15 13:15:57
$TSLA closed up with relative strength today. Possibly a V pattern coming up if it can get back to $250. http://t.co/JyNb1GsfP8
TNR Gold Corp
22 May 15 13:10:01
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SHMONEY
22 May 15 13:07:53
$TSLA next. Starter position for next week.
Andre Arsenault
22 May 15 13:06:24
RT @Cabot_Nico: Where are $DATA $XPO $SCTY $TSLA $WUBA $BABA $HABT $CTRP $BLDR heading? Mike Cintolo shares his take in this update. http:/…
binaryoptionsocial
22 May 15 13:05:25
bosocial: bosocial: bosocial: bosocial: Taarriqq: No big move as we predicted levels hours ago $FB $GOOG $TSLA , i… http://t.co/i8HJt85krl
binaryoptionsocial
22 May 15 13:03:03
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Nico DiFelice
22 May 15 13:02:34
Where are $DATA $XPO $SCTY $TSLA $WUBA $BABA $HABT $CTRP $BLDR heading? Mike Cintolo shares his take in this update. http://t.co/2MFYp39l0f
binaryoptionsocial
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InternationalLithium
22 May 15 13:00:32
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Alpha Maven Alerts
22 May 15 13:00:12
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Hye Seats
22 May 15 12:59:31
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binaryoptionsocial
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binaryoptionsocial
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Joey M
22 May 15 12:55:54
@thebluntist nice call on $TSLA...
binaryoptionsocial
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binaryoptionsocial
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Emylers
22 May 15 12:53:13
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By  +Follow September 19, 2013 11:52AM
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