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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
alex campbello
25 Apr 15 21:26:23
Commented on StockTwits: it is $twtr security website problem NOT $TSLA http://t.co/Ycd539Qbqf
George EQ Johnson
25 Apr 15 21:24:06
RT @markbspiegel: You know how the world realized that Musk's Twitter account was hacked? It was sending out Tweets while the stock market …
Hung Tran, MS, MD
25 Apr 15 21:19:17
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Greg Branch
25 Apr 15 21:19:08
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Hung Tran, MS, MD
25 Apr 15 21:18:37
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Hung Tran, MS, MD
25 Apr 15 21:17:58
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TickerLens Tesla
25 Apr 15 21:15:45
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S.S.Kieth
25 Apr 15 21:11:13
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TV_Trading Ideas
25 Apr 15 21:09:15
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Karen Keeley (Goldy)
25 Apr 15 20:59:47
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James DiPlata
25 Apr 15 20:57:19
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NICK
25 Apr 15 20:55:18
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NICK
25 Apr 15 20:53:42
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Stock Market Basics
25 Apr 15 20:10:47
RT @10Xtrading: Why Disney's MagicBand and Tesla's Patents are Trends to Watch http://t.co/Zbo10W2jTS $DIS $TSLA
OM_giveaways
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priya joseph
25 Apr 15 20:04:10
RT @wolfejosh: Our virtues (connectivity) are our vices (vulnerability). If $TSLA account hacked, how long til a customer's car is? http://…
Chris Gates
25 Apr 15 19:51:02
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VS
25 Apr 15 19:45:56
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Capital Market Labs
25 Apr 15 19:37:57
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Carolyn B Miciano
25 Apr 15 19:23:15
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Jansen Yong
25 Apr 15 19:19:45
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Mother of Sin
25 Apr 15 19:16:05
RT @Benzinga: It appears Elon Musk Twitter has been hacked. Or perhaps you can get a free Tesla? @elonmusk $TSLA http://t.co/xesgdhY5Vo
TickerLens Tesla
25 Apr 15 19:15:53
Free Tesla? Elon Musk’s Twitter Account Gets Hacked http://t.co/YTcWQMjbGN $TSLA
Vy Nguyen
25 Apr 15 19:15:31
So $TSLA website was hacked 4 hrs ago and they can't seem to control the DNS. Still all like DRUPAL FTW?
Scott Spencer
25 Apr 15 19:07:16
$TSLA $218 $SCTY $60 introducing a home battery system next week that's an uninterruptible power supply in blackouts. http://t.co/bk84uTqjXJ
Alok Jain
25 Apr 15 19:03:28
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Mike Alatortsev
25 Apr 15 18:55:45
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Invest | Donate
25 Apr 15 18:47:16
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Alpha Maven
25 Apr 15 18:44:32
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Nicolas Zart
25 Apr 15 18:42:02
RT @ILCtsxv: Joe Lowry - #Lithium Industry source to follow: #Tesla #Gigafactory - Where The Lithium Will Come From? http://t.co/HobUu29SDS…
Nicolas Zart
25 Apr 15 18:41:56
RT @ILCtsxv: #Tesla Storage #Battery - #Lithium hydroxide prices are hitting all-time highs in the second quarter of 2015. https://t.co/nSW…
Jersey Drew
25 Apr 15 18:39:28
RT @10Xtrading: Why Disney's MagicBand and Tesla's Patents are Trends to Watch http://t.co/Zbo10W2jTS $DIS $TSLA
10X Trading
25 Apr 15 18:35:28
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dailystockplays.com
25 Apr 15 18:29:42
Why TSLA Is A Great Long Setup for 4-27-2015 http://t.co/zX9YMHbZ3q $TSLA
Owner Impact
25 Apr 15 18:25:07
$TSLA is one of the most impactful company, but the fundamental charts look a bit expensive: http://t.co/4V3dHaj1Hn
Stock Hobbit
25 Apr 15 18:20:07
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Capital Market Labs
25 Apr 15 18:11:43
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I. Dolly Lenz
25 Apr 15 17:56:56
@GerberKawasaki: #tesla Twitter account and website hacked and attacked. $tsla must be the power companies 🌞" RT lol ugh
TSLA Speedreader
25 Apr 15 17:51:42
$TSLA #Tesla Tesla's Twitter back after hackers hijack feed http://t.co/inwnT7mkcz
Ross Gerber
25 Apr 15 17:48:41
#tesla Twitter account and website hacked and attacked. $tsla must be the power companies 🌞
Bryan pasaribu
25 Apr 15 17:38:41
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Rodriguez Donna
25 Apr 15 17:37:28
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BioChronometrics
25 Apr 15 17:37:16
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Timothy Sykes
25 Apr 15 17:23:56
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Whack The Bid
25 Apr 15 17:13:50
RT @OpenOutcrier: $TSLA Hacked on Twitter, Media-Relations E-Mail Accounts http://t.co/AAQMiK57L6
michaelbrom
25 Apr 15 17:11:59
Elon Musk giving away Teslas #ooops hacked i guess? $tsla http://t.co/V0HfVGYFiE
TESLARATI
25 Apr 15 17:08:37
@Teslarati glad things are back under control but will this security breach spook wall street come Monday remains to be seen. $TSLA
TSLA Speedreader
25 Apr 15 17:04:42
$TSLA #Tesla Free Tesla? Elon Musk's Twitter Account Gets Hacked http://t.co/b9pWdXRoPV
SpeakingOut11
25 Apr 15 17:02:09
RT @Benzinga: Free Tesla? Elon Musk's Twitter account gets hacked $TSLA $TWTR http://t.co/ljzozLOgif http://t.co/m9T9s9VJc2
Carolyn B Miciano
25 Apr 15 16:58:10
Guide to proper iron condor setups http://t.co/3B8tvoFxtZ $CMG $TSLA $BIDU
				
				
By  +Follow September 19, 2013 11:52AM
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