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Tesla Stock Price Rises on Improved Outlook from Deutsche Bank

By  +Follow September 19, 2013 11:52AM
Tickers Mentioned:

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
Marcos Carneiro
1 Dec 15 11:19:28
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Willem van Riemsdijk
1 Dec 15 11:19:18
RT @ElectrekCo: Tesla delivered 157 Model S’s in the Netherlands in November – up 44% year-to-date https://t.co/qya2Z4iUgE $TSLA https://t.…
Robert Durant
1 Dec 15 11:18:16
Glad I cut bait on $AAPL when it was up .30c. $TSLA, on the other hand, in beast mode
1 Dec 15 11:18:06
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Carlos A. Candeias
1 Dec 15 11:16:48
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The Digital Depot
1 Dec 15 11:14:52
$tsla changing the world - Google Search https://t.co/5IcUIKkMh6 https://t.co/sTpSOk5Jyp
Oliver Gross
1 Dec 15 11:12:00
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Oliver Gross
1 Dec 15 11:11:59
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1 Dec 15 11:11:15
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The Digital Depot
1 Dec 15 11:10:27
The only question : Is $TSLA changing the world? $amzn Changing the world. No profits. But changing the world. https://t.co/uDA8b0DD2Y
John Ly
1 Dec 15 11:06:33
Bougjt $tsla Jan 270 calls $dis Jan 120 calls and $vrx dec 100 calls
1 Dec 15 11:02:51
RT @AaronJohns0n: +50% on $TSLA. Set a tight stop after the move above 235
1 Dec 15 11:00:05
$TSLA $GOOG $AAPL Will we see self Driving Tesla's before the turn of the decade? https://t.co/MUpo56gw2I
1 Dec 15 10:59:33
RT @ActivistShorts: Stanphyl Capital short $TSLA, cites management deception & lack of significant and sustainable proprietary tech https:/…
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1 Dec 15 10:58:07
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Lucky Jimmy
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CopyTrade FX Signals
1 Dec 15 10:48:35
Breaking the 232-236 box, watch the close $TSLA https://t.co/D779XHeDYs ~ via https://t.co/Kd2qwcsyit
TV_Trading Ideas
1 Dec 15 10:47:15
Breaking the 232-236 box, watch the close $TSLA https://t.co/7pX58cpDBW
Luigi Jimenez
1 Dec 15 10:44:17
I beat 99% of people trading $TSLA, ranking #16. Wicked hella good! The Trading Game: https://t.co/yyP46DoXCZ
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PT Shih
1 Dec 15 10:41:40
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RFLX Training Center
1 Dec 15 10:41:19
RT @DayTradersGroup: our $TSLA Dec15 230.00 calls now 11.20 from our entry @ 8.65 - get alerted on your mobile each time we place a trade …
Capital Market Labs
1 Dec 15 10:40:34
$AAPL vs. $TSLA Head to Head https://t.co/0HjQaL7oRM https://t.co/qzx06E3dpb
Stock Forums
1 Dec 15 10:40:04
HMSY Health Management Systems, Inc. Chart https://t.co/gIBCVXQ6yd $HMSY $CSC $TSLA $QID #HMSY #pennystocks #stockmarket
1 Dec 15 10:39:19
RT @OMillionaires: Uncanny Parallels to be made with $SCTY and $TSLA —> https://t.co/nF8kJH7PTc
Avinash Anantharamu
1 Dec 15 10:38:35
$AMZN $GOOG $FB $NFLX $TSLA $PANW - all these stocks are now at peak levels. Bubbles waiting to burst #Bearish
1 Dec 15 10:38:31
Tilted Flagging $TSLA 240min. & Daily etc.. https://t.co/QGg8K5SNGq
1 Dec 15 10:37:03
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Jacob Wolinsky
1 Dec 15 10:36:23
RT @ActivistShorts: Stanphyl Capital short $TSLA, cites management deception & lack of significant and sustainable proprietary tech https:/…
Armin Ronacher
1 Dec 15 10:34:01
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Wall Street Goon
1 Dec 15 10:33:53
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Rosner Stocks
1 Dec 15 10:33:11
AA Alcoa, Inc. Chart https://t.co/9OHBZhUnv9 $AA $DGAZ $HQY $TSLA #AA #invest #investing
1 Dec 15 10:33:07
$GOOGL hired a former employee of $TSLA. What do you think if all this is in order to create the best cars?
TickerLens Tesla
1 Dec 15 10:31:25
Company Shares of Tesla Motors, Inc. (NASDAQ:TSLA) Rally 5.27% https://t.co/Rg3QRfEfuP $TSLA
TickerLens Tesla
1 Dec 15 10:31:23
Tesla Motors’ (TSLA) “Buy” Rating Reiterated at Global Equities Research https://t.co/4EcvrdcreP $TSLA
Chris R
1 Dec 15 10:31:22
I beat 88% of people trading $TSLA, ranking #122. I should do this for real! The Trading Game: https://t.co/wpcPuL4aKW
Chris R
1 Dec 15 10:31:15
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1 Dec 15 10:30:18
What a great day $vrx $tsla $googl $Amzn gotta ride it 1 more day.
1 Dec 15 10:30:06
$TSLA $GOOG $AAPL Tesla and Google in a hiring war! https://t.co/MUpo56gw2I
1 Dec 15 10:25:28
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1 Dec 15 10:17:58
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Warrior Trading News
1 Dec 15 10:17:10
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David Atherton
1 Dec 15 10:12:59
Google Trends for $TSLA looks a bit like the chart. Can anyone find a better one https://t.co/6kDsGv9xrh
Analyst Actions
1 Dec 15 10:11:02
$TSLA: Analyst action by Credit Suisse on Tesla Motors: https://t.co/bSsnrzAZU8 https://t.co/Pn12HuT8B3
1 Dec 15 10:10:49
$tsla you're next if you can hold
By  +Follow September 19, 2013 11:52AM



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