Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?


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.

Results for TSLA
Dmitri Magnuson
19 Apr 14 07:03:26
$IACI Should you buy $COL $SGEN $TSLA Give it a try http://t.co/wFXk49Sncu
19 Apr 14 06:58:52
Tesla Motors Inc Sales Model Suits Luxury Buyers http://t.co/ZpOrSXocU8 $TSLA
Brick Brocky
19 Apr 14 06:57:19
Are you considering selling $CCL $PM $O $TSLA Goto http://t.co/OMFeVBuZgn
The Good Trader
19 Apr 14 06:24:03
$TSLA Tesla Motors Inc Sales Model Suits Luxury Buyers http://t.co/NQ78lOisj7
Dmitri Magnuson
19 Apr 14 06:16:57
$OCN Should you buy $MRO $ADS $TSLA #investing http://t.co/VjXjymp6e2
19 Apr 14 06:13:34
Year-to-date Nasdaq100 #Stocks Performance $TSLA $GMCR $NXPI $GRMN $ILMN $FFIV $SNDK $NVDA $MXIM $AVGO more@ http://t.co/wz4pxpINCJ
Rob McGavern
19 Apr 14 06:06:11
Some Stocks to Watch $TSLA $ICE $SJM $DF #financialnews http://t.co/EbImhdn03O
19 Apr 14 06:03:04
$TSLA chart by JXMFinancial: http://t.co/WSYUwxXhMZ Constructive bounce.
Donte Aldaine
19 Apr 14 05:58:36
Free research on $WFC $CLF $FISV $TSLA Check out http://t.co/NUvc8MJaRN
19 Apr 14 05:25:58
Todays movers to research $LEN $CSC $ASBC $TSLA Give it a try http://t.co/bKV9wz4LhI
Financial Iceberg
19 Apr 14 05:21:29
Fibonacci Technical Levels $LNKD, $MSFT, $NFLX, $TSLA http://t.co/0n2KpCKRBu
Kirk Kornegay
19 Apr 14 05:03:01
@portman2222 @JustinPulitzer @TRYKtrading actually the market is telling you $TSLA is a 198 dollar stock.
19 Apr 14 04:11:40
chartguy89: Stock Charts: TSLA 198.12 Stock Charts $TSLA Tesla Motors Inc. http://t.co/504AxiqmX9
19 Apr 14 04:08:17
TSLA 198.12 Stock Charts $TSLA Tesla Motors Inc. (NASDAQ) TSLA Stock Chart - 1 Month http://bigcharts.marketwa http://t.co/sUOZnpM2mp
19 Apr 14 03:45:02
Tesla Motors : adds charge to Southern Utah http://t.co/F4SV5TxHDp $TSLA
Louie O'Malley
19 Apr 14 03:21:37
Are you thinking of selling $TSLA $TJX $INGR $FB #financial http://t.co/CQapX4ZmtZ
Gold Stock News
19 Apr 14 02:53:38
Do you think you should hold $IFF $WTM $SYMC $TSLA #NSE http://t.co/dwrm0beLCK
Leighton Aldaine
19 Apr 14 02:40:51
Get the latest on $ARW $PCP $DNR $TSLA Goto http://t.co/j8C25oaNJs
Stock Watch
19 Apr 14 02:38:10
$V #Stock Market Reports on stocks like $MO $LMCA $TSLA View now http://t.co/Y5zLL42APL
The Good Trader
19 Apr 14 02:17:10
$TSLA Opel Reportedly Preparing Small Electric Car for 2017 http://t.co/EtIMOVbE2s
Thor Edeson
19 Apr 14 02:12:08
Should you buy $CPT $SHLD $EQIX $TSLA #economy http://t.co/3EnFqks9iC
Kamren Martinez
19 Apr 14 02:10:44
Great #Stock Newsletter on $GCI $BDN $SNH $TSLA Give it a try http://t.co/CxafKMYpx0
Eric M. Vihlen
19 Apr 14 02:02:00
$TSLA's strong 26% return on equity helps it earn an "A" SMR (Strategic Management of Resources) Rating. @IBDinvestors
Pike Gall
19 Apr 14 02:01:28
Top Performing #Stocks today $JWN $ARE $PBF $TSLA #overvalued http://t.co/WKP9U29fG2
Eric M. Vihlen
19 Apr 14 01:59:39
For the full year, analysts expect earnings to rise 131% in 2014, followed by a 114% gain in 2015. via @IBDinvestors $TSLA
The Good Trader
19 Apr 14 01:48:34
$TSLA Is Tesla project a Dream Factory? http://t.co/Un8LTht4e9
19 Apr 14 01:35:06
$TSLA: [$$] Dont Run With the Bulls http://t.co/WnvXnCz6KA
Ambrose Long
19 Apr 14 01:08:50
$JOY Buying or selling? $MTD $LUV $TSLA #overvalued http://t.co/qgJ2HUGz8V
The Good Trader
19 Apr 14 00:57:34
$TSLA Tesla fails to deliver pre-ordered cars on time in China http://t.co/FXBoDJVD9y
Louie O'Malley
19 Apr 14 00:28:06
Should you buy $COG $KSU $BIO $TSLA #Stock http://t.co/0Z0EtVCSPZ
The Good Trader
19 Apr 14 00:14:02
$TSLA Fitz: Tell you what, Tesla; we'll put a 'T' on Sentinel Peak http://t.co/o8lnn555kk
Tesla NY
19 Apr 14 00:11:39
[video] How Has NJ Direct-Sales Ban Impacted Tesla? $TSLA #NJFreeMarketBan #Hypochristie http://t.co/MLLDQkUeB7
19 Apr 14 00:07:06
$TSLA: [$$] Dont Run With the Bulls http://t.co/vlTXQvBou3
19 Apr 14 00:02:04
$TSLA [$$] Don't Run With the Bulls http://t.co/4uziCmNYYo
18 Apr 14 23:51:02
$TSLA - [$$] Dont Run With the Bulls -> http://t.co/LUti795GOw #stock #stocks #stockaction
Randy Steel
18 Apr 14 23:34:22
http://t.co/prktMObyb3 $TSLA by hrdinvest http://t.co/psWLOFAXrJ
I Know First
18 Apr 14 23:10:13
Best Tech Stocks http://t.co/zpKuznmTWe $goog $tsla $spy $pcln
18 Apr 14 22:55:04
Best Tech Stocks http://t.co/90yCJMSMcX $goog $tsla $spy $pcln
18 Apr 14 22:50:18
Best Tech Stocks http://t.co/cD04Oygh5C $goog $tsla $spy $pcln
The Good Trader
18 Apr 14 22:47:06
$TSLA Catch Up With The Characters Of Tesla Effect http://t.co/Korg6H2V2Z
The Good Trader
18 Apr 14 22:25:04
$TSLA Republicans Now Singing A Different Tune About Electric Car Maker http://t.co/iH5fajU6HK
The Good Trader
18 Apr 14 22:14:03
$TSLA Mercedes-Benz Exec Questions If Tesla Motors Can Maintain Its Market Lead http://t.co/Z3ZfhL6J8V
18 Apr 14 22:12:29
RT @androsForm: Google CEO Larry Page Says He Will Leave His Billions to @ElonMusk http://t.co/qrMN0hdZN9 via @YouTube $TSLA $SCTY
The Good Trader
18 Apr 14 21:47:05
$TSLA Could this electric car replace NYC's horse-drawn carriage? http://t.co/k8FfRhmOQq
The Good Trader
18 Apr 14 21:47:04
$TSLA Kingussie shock for electric car couple http://t.co/PtTuNDB3OW
john doorn
18 Apr 14 20:48:30
10 More Top Tips from Our Favorite Personal Finance Bloggers http://t.co/sGByxk97oo via @daily_finance $LNKD $TSLA $CMG
Cecily Humphrey
18 Apr 14 20:40:48
#Stocks you might want to sell $HSIC $DHR $ATK $TSLA Check out http://t.co/cKrXdkese2
18 Apr 14 20:33:59
$AES Earnings news on $NUS $MCK $TSLA Must have http://t.co/vLGW9DTkhl
Tweet honest
18 Apr 14 20:22:22
@FindingBios @fibonacci1170 .. $athx has similar short interest like $tsla had 2years ago . Any workable solution pumps stock price up.
Tweet honest
18 Apr 14 20:20:22
@FindingBios @fibonacci1170 2. $athx $tsla both CEOs are energetic and experts in their own fields. 3. Athx has similar short interest like
By  +Follow September 19, 2013 11:52AM



blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.