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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.


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Results for TSLA
live to surf
2 Oct 14 09:33:03
$tsla T for turd
OptionsGeek
2 Oct 14 09:31:53
$TSLA even Elon's D cant help this bearish chart. In 240p at .90
GENIUS
2 Oct 14 09:31:23
RT @TheStreet: Tesla CEO Elon Musk set to 'Unveil the D' - it's not what it sounds like: http://t.co/wvjcEYCAwA $TSLA http://t.co/8PkWiJpm1f
Zubeyr Kamil Açıksar
2 Oct 14 09:31:01
RT @JeffMacke: GoPro founders just making stuff up, Buffett speaks: http://t.co/9BX6KOad0f @yahoofinance $GPRO $BRK $TSLA http://t.co/gp03N…
James Burrell II
2 Oct 14 09:30:47
I bet $TSLA goes negative before the close...
Retail Trader
2 Oct 14 09:30:24
$TSLA stock is fading the pop today looking for pullback to MA about 218 http://t.co/Lxl7JnAyBo
Jon Boorman, CMT
2 Oct 14 09:30:19
Surprisingly, or perhaps not, 5 of my 12 names are higher today; $DPS $TSLA $HD $BKR.B $NKE, clear though that fewer strong trends remain
nobullshytrader
2 Oct 14 09:29:46
$TSLA duznt luk like investorz r puttin much weight in MUSK tweets anymore lol
mark
2 Oct 14 09:29:19
$KNDI $TSLA http://t.co/Kvpu2xAtYr
Winborn Traders
2 Oct 14 09:28:42
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#COOKiESORBETTER
2 Oct 14 09:28:33
RT @CBSMoneyWatch: Tesla stock jumps at open on mysterious Musk tweet $TSLA http://t.co/MMaQHMRCJy
Investors Hangout
2 Oct 14 09:28:23
chartguy89: HLF Stock Chart $HLF $FB $RSP $TSLA http://t.co/Md86u6DDt8
Investors Hangout
2 Oct 14 09:28:21
chartguy89: HLF Stock Chart $HLF $FB $RSP $TSLA http://t.co/zVhnebE2pl
Jeff Macke
2 Oct 14 09:28:14
GoPro founders just making stuff up, Buffett speaks: http://t.co/9BX6KOad0f @yahoofinance $GPRO $BRK $TSLA http://t.co/gp03N5FC5F
Sepehr Kousha
2 Oct 14 09:26:34
$tsla Whoa! Is Tesla moving to a dealership model? http://t.co/GrW8V9uX8u via @YahooFinance
Winborn Traders
2 Oct 14 09:26:20
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Michael Wilson
2 Oct 14 09:26:14
@canuck2usa those $TSLA 245's played out nice I may owe Elon Musk all the credit though ha #happytrading
TSLA Speedreader
2 Oct 14 09:25:37
$TSLA #Tesla Whoa! Is Tesla moving to a dealership model? http://t.co/P6GdQdN743
TSLA Speedreader
2 Oct 14 09:25:35
$TSLA #Tesla [video] Elon Musk Teases 'D' and Other Tesla Product Being Unveiled Soon http://t.co/Hh9bgRjZSM
Trading Hub
2 Oct 14 09:22:39
Killing it again today! +$2.1k realized.. 1 open position.. $CSIQ $TKMR $UVXY $SPWR $TSLA BIG calls.. http://t.co/bSu9oSuk6M
EMini Futures
2 Oct 14 09:21:43
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Watchhimtrade.com
2 Oct 14 09:20:58
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Adrian Fort
2 Oct 14 09:19:23
Uh... "@ClaudiaAssisMW: Brought to you by the letter D: what has @elonmusk alluded to? $TSLA http://t.co/AX53jI322w http://t.co/WGTCcTMOBY"
lookn4wins
2 Oct 14 09:18:42
$KR 200 Simple Moving Average $KR Most recent stock chart and technical analysis. $TSLA $CMG $ABX $EXK $PRAN $ http://t.co/FJW6H1nzQW
option.trader
2 Oct 14 09:15:36
Shorted $TSLA
mark
2 Oct 14 09:14:59
$KNDI $TSLA $TKMR $GPRO http://t.co/o1a5w6oDyP Kandi Technologies Reports Plan to Launch the Car-Share Programin Nanjing $KNDI
Maverick
2 Oct 14 09:14:40
RT @IMBallWall: Why pay 9x or 15x revs for $GPRO and $TSLA respectively when you can buy $MSLP (which is growing faster) at .9x revs?
Wired
2 Oct 14 09:14:25
RT @samsharf: Elon Musk tweets the letter D, Tesla shares soar http://t.co/zKHVjxy3OK $TSLA
avinash pandit
2 Oct 14 09:13:35
RT @SwatOptions: $TSLA above 255s can BEAST into 270s imo - our CALL 245 at 1.1s are GOLDEN http://t.co/ynpaqp1qgI - Thinking #OUTSIDETHEBOX
Livermore's Lounge
2 Oct 14 09:13:32
“@Inc: Elon Musk hints at what's next for Tesla @businessinsider http://t.co/aPjQMclAQO” RT $TSLA http://t.co/4slEbIMLjT
ValueWalk
2 Oct 14 09:13:08
Long Investors From A Short Seller's Perspective http://t.co/RnkUDl5ecr $AAPL $MSFT $TSLA
JR Navarro
2 Oct 14 09:13:03
$TSLA "@elonmusk: About time to unveil the D and something else http://t.co/mDPqCAFub4"
Darius Seperi
2 Oct 14 09:12:15
RT @TheStreet: Tesla CEO Elon Musk set to 'Unveil the D' - it's not what it sounds like: http://t.co/wvjcEYCAwA $TSLA http://t.co/8PkWiJpm1f
TSLA Speedreader
2 Oct 14 09:11:28
$TSLA #Tesla GoPro slides, Tesla pops, Buffett's Berkshire to buy auto group http://t.co/7Wqw60nRYa
TSLA Speedreader
2 Oct 14 09:11:19
$TSLA #Tesla [video] Elon Musk: Tesla 90% autonomous in 2015 http://t.co/bgRwOqCLuw
TSLA Speedreader
2 Oct 14 09:11:18
$TSLA #Tesla [video] Stocks Slip on Global Economic Concerns & Weak Factory Orders http://t.co/ACNcyuAhir
chartguy89
2 Oct 14 09:11:00
HLF Stock Chart $HLF $FB $RSP $TSLA http://t.co/mmyxwPNoKF http://t.co/fvMsYn9Urm
Paul Chertyk
2 Oct 14 09:09:50
$SPX $TSLA $MTG $SCTY Now is NOT the time to sell...
Travis Powley
2 Oct 14 09:09:49
RT @IMBallWall: Why pay 9x or 15x revs for $GPRO and $TSLA respectively when you can buy $MSLP (which is growing faster) at .9x revs?
JoséManuel DelPuerto
2 Oct 14 09:07:59
Tesla $TSLA acelera en Wall Street ante la inminente presentación de su ‘Batmóvil’ http://t.co/A8j02Unl3c
Conor Brogan
2 Oct 14 09:07:12
RT @TheStreet: Tesla CEO Elon Musk set to 'Unveil the D' - it's not what it sounds like: http://t.co/wvjcEYCAwA $TSLA http://t.co/8PkWiJpm1f
Cesar Cravo
2 Oct 14 09:06:34
@ZorTrades $tsla
World News
2 Oct 14 09:06:07
#Tesla stock jumps at open on mysterious Musk tweet $TSLA http://t.co/9MQmxGMsee #CBS
Nelson Molina
2 Oct 14 09:06:04
$TSLA $QQQ $AMZN Closed all my shorts here 200% profits alert sent on 9/29
Michael Stylianou
2 Oct 14 09:05:37
As a note I have not lost a dime in $gpro or $tsla stocks because didn't own them. Been trading options and profiting. I feel bad for others
Robert Douglas Brown
2 Oct 14 09:05:37
😂 $TSLA http://t.co/eXffS9HmVV
Winborn Traders
2 Oct 14 09:05:21
Get Your 7-day Free Trial $ES_F Live Trading Room Visit http://t.co/1YUYrFnnrb $SPY $FB $NQ_F $SPX $YM_F $TSLA $NFLX $TWT $QQQ $DJI
Dividend Master
2 Oct 14 09:04:57
$BABA $NFLX $TSLA green ....ultimate algo strategy ... just start buying the most ridiculous
Dave Mastovich
2 Oct 14 09:04:22
RT @CBSMoneyWatch: Tesla stock jumps at open on mysterious Musk tweet $TSLA http://t.co/MMaQHMRCJy
mark
2 Oct 14 09:02:32
$KNDI looks like it making a reversal candle $TSLA
				
				
By  +Follow September 19, 2013 11:52AM
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