logo  
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

Tesla Stock Price Rises on Improved Outlook from Deutsche Bank

By  +Follow September 19, 2013 11:52AM
Share:
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.


Liked What You Read? Join Equities.com and Connect With Your Favorite Financial Experts FOR FREE! Members of Equities.com gain access to our leading financial news and content, active social investment community, proprietary research tools including the 2014 Small-Cap Stars, E.V.A. reports and more.

Results for TSLA
Onat Pekcan
27 Jan 15 03:35:03
Tesla Plans New Models in China $tsla http://t.co/Ir3eWo4qee
Rosner Stocks
27 Jan 15 03:33:07
$JNJ Filings Updated Tuesday, January 27, 2015 05:59:21 AM $XLY $VGK $TSLA $UPS http://t.co/Es5ATDww8M
Langan Stocks
27 Jan 15 03:24:08
$TSLA Filings Updated Tuesday, January 27, 2015 06:03:19 AM $ARRY $RIG $GFI $FSLR http://t.co/DNxrOtS36z
Bidness Etc
27 Jan 15 03:22:04
Tesla Motors Inc Stock Traded Higher - http://t.co/lQI9q7LS6Q $TSLA http://t.co/EfE1xUKAtL
Wincrease Team
27 Jan 15 03:16:41
$TSLA Tesla looks to grind higher from its lows. The chart shows it wont be easy though - http://t.co/56clC00uKV
Carolyn B Miciano
27 Jan 15 03:03:44
Become a complete options trader http://t.co/jB9qnts0UX $GLD $SLV $TSLA
12Stocks.com
27 Jan 15 03:02:22
Weekly Nasdaq100 #Stocks Performance $NFLX $ILMN $SBUX $SBAC $MU $TSLA $TSCO $AAPL $AMZN $YHOO $GILD $BBBY more@ http://t.co/YdSIjGiCGR
Carolyn B Miciano
27 Jan 15 02:54:43
Detailed study of Option Greeks http://t.co/7x3hcWLmXy $GLD $SLV $TSLA
TSLA Speedreader
27 Jan 15 02:37:06
$TSLA #Tesla Inauspicious: Tesla's December Record Spells Trouble in China http://t.co/eh3am1kdfb
Bobbie Newman
27 Jan 15 02:36:37
Tesla Is No Free Market Champion http://t.co/Li3TovdcN9 #IBDBlogs via @IBDinvestors $TSLA
TSLA Speedreader
27 Jan 15 02:23:36
$TSLA #Tesla Inauspicious: Tesla's December Record Spells Trouble in China http://t.co/7uzdHYKeqF
Langan Stocks
27 Jan 15 02:23:08
$FB Financials Updated Tuesday, January 27, 2015 05:03:24 AM $TSLA $AXP $DRMC $VGK http://t.co/NsOXqCPu6f
Carolyn B Miciano
27 Jan 15 02:13:41
What are Option Back spread trades http://t.co/rLwfEJCKXN $CMG $TSLA $BIDU
Richard benson
27 Jan 15 02:09:39
RT @Bidnessetc: Bidness Etc looks at Tesla’s decision to drop the lawsuit against the Air Force http://t.co/e7GWAJUGml $TSLA http://t.co/8k…
OM_giveaways
27 Jan 15 02:05:06
Top 5 Stocks of 2015 Free HD Video!!!! $GOOGL $AAPL $TSLA $SSYS $VXX $VIX $SPY $SPX #stocks http://t.co/vG4ZFnz7JJ http://t.co/FD1mQrFKHi
IH News Desk
27 Jan 15 01:36:12
$TSLA Recent News Updated Tuesday, January 27, 2015 04:11:24 AM $FXA $ABX $TSLA $SIL http://t.co/AMcXvkJ0cd
Maleah
27 Jan 15 01:25:20
http://t.co/WiOof38Yy7 <-- FREE access to a Tim Sykes premium video lesson usually only for subscribers! $OAS $OIL $TSLA
StockNewsWires
27 Jan 15 00:36:05
$TSLA: Tesla Motors Inc Witness Large Inflow of Money: http://t.co/WMqFH1Q77h
Alex
27 Jan 15 00:27:01
RT @AGORACOM: If it breaks $208.50, load calls again. Going $230. Long $198 & $204 RT @Justiceisfalse: @AGORACOM hood thing I held those $…
OM_giveaways
27 Jan 15 00:05:09
Top 5 Stocks of 2015 Free HD Video!!!! $GOOGL $AAPL $TSLA $SSYS $VXX $VIX $SPY $SPX #stocks http://t.co/vG4ZFnz7JJ http://t.co/K6sQV7pbuQ
Stock Hobbit
27 Jan 15 00:01:15
What #sector will you #invest in today? http://t.co/v1eaRRes2Y $TSLA $SINA $GRMN $SSYS http://t.co/aaC9514DuI
Stock Rocket
27 Jan 15 00:00:49
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/wMEn6i1tkM $CMS $MOS $TSLA
Francis Tan
26 Jan 15 23:50:03
Tesla Is No Free Market Champion http://t.co/Oaj3GSEox2 #IBDBlogs via @IBDinvestors $TSLA
FinSentS NASDAQ
26 Jan 15 23:34:12
$TSLA:US Tesla to roll out new models in China #TESLA MOTORS INC http://t.co/57IjWvp3sk #NASDAQ
Marc A
26 Jan 15 23:30:12
$TSLA something worth a look, re-entering short if we're rejected in the next day or so by the 34 sma $STUDY http://t.co/0kISnfa23R
PolgarStocks
26 Jan 15 23:29:10
$EBR Financials Updated Tuesday, January 27, 2015 02:07:25 AM $AMPE $ADMD $IEF $TSLA http://t.co/kXlb5rnpXp
McK
26 Jan 15 22:42:31
Do not try and catch a bottom on Oil because there is none $XOM $COP Buy the future of Energy $TSLA $SCTY $FSLR $QQQ
Cody Bernardy
26 Jan 15 22:41:55
$TSLA turning point $210
Daily Stocks News
26 Jan 15 21:55:18
3 Growth Stocks That Could Soar More Than Facebook http://t.co/PjaJh4wZ8s $AAPL $FB $GOOG $TSLA #market #growth #winner #business
Anup Pandey
26 Jan 15 21:52:18
Tesla Motors, Inc. Has a New $9 Billion Ally $TSLA $NRG http://t.co/haWopWwb58
OM_giveaways
26 Jan 15 21:42:06
Top 5 Stocks of 2015 Free HD Video!!!! $GOOGL $AAPL $TSLA $SSYS $VXX $VIX $SPY $SPX #stocks http://t.co/M2rcBPvA2B http://t.co/WcFAidB3lc
TalkMarkets
26 Jan 15 21:04:43
Correction Or Crash? Our Verdict On #Tesla $TSLA http://t.co/Ev30jEkb5u
Patrick
26 Jan 15 20:56:46
RT @AGORACOM: If it breaks $208.50, load calls again. Going $230. Long $198 & $204 RT @Justiceisfalse: @AGORACOM hood thing I held those $…
dailystockplays.com
26 Jan 15 20:31:07
TSLA 30 Minute Opening Range Breakout - How To Day Trade It http://t.co/7XIr8E81je $TSLA
Stock Hobbit
26 Jan 15 20:18:06
What #sector will you #invest in today? http://t.co/v1eaRRes2Y $TSLA $SINA $GRMN $SSYS http://t.co/nLvgnMvlNu
BillK
26 Jan 15 20:01:52
$tsla How will #Tesla do when there is an EV from Porsche Pajun http://t.co/jY45SKsCUL via @carbuzzcom 2020 profit?? http://t.co/PDPHAFT5Vo
Umesh
26 Jan 15 19:53:59
@jimcramer Do you like $TSLA
James DiPlata
26 Jan 15 19:50:05
RT @OptionPundit: Q: How do you explain "under 3min" what are options to a newbie who has NO interest in #OptionsTrading ? $TSLA $BBRY $AAP…
The Stock Professor
26 Jan 15 19:47:51
#Stock #News Working Longer Than Expected Is New Normal for Americans: Working longer tha... http://t.co/dcfG2FzHSN $MU $MSFT $TSLA $AMD
Stock Market Basics
26 Jan 15 19:43:15
RT @10Xtrading: Stock Market Analysis January 26th 2015 Choppy Day http://t.co/w0sQjoppra $GOOG $AAPL $BIDU $BABA $TSLA
OptionPundit
26 Jan 15 19:42:35
Q: How do you explain "under 3min" what are options to a newbie who has NO interest in #OptionsTrading ? $TSLA $BBRY $AAPL $AMZN $SPY $GOOG
Sherilyn Balazs
26 Jan 15 19:42:09
What will these major tickers do next? These guys tell all: http://t.co/o6PqlxZaOF $TRTC $TSLA $QLD $USO $GDX http://t.co/osg7ipc3vE
OM_giveaways
26 Jan 15 19:38:05
Top 5 Stocks of 2015 Free HD Video!!!! $GOOGL $AAPL $TSLA $SSYS $VXX $VIX $SPY $SPX #stocks http://t.co/vG4ZFnz7JJ http://t.co/A259sTScuO
IH News Desk
26 Jan 15 19:32:16
$KORS Reviews Updated Monday, January 26, 2015 9:11:24 PM $TSLA $ITB $EBR $FXCM http://t.co/GNcbxmWIv7
Carolyn B Miciano
26 Jan 15 19:28:03
Options for dummies course http://t.co/qpxNEWS5ah $NFLX $PCLN $TSLA
The Stock Professor
26 Jan 15 19:27:52
#Stock #News How to Tell if a Dividend Is Safe: When buying dividend stocks, the safety o... http://t.co/iLkQP7JiNh $MU $MSFT $TSLA $AMD
INVEX Banco
26 Jan 15 18:55:04
Inversionistas premiaron a @TeslaMotors $TSLA, después de informar que espera vender nuevos modelos de autos en #China en los próximos meses
Carolyn B Miciano
26 Jan 15 18:48:12
Cutting-edge course on Iron condors http://t.co/LSBar2yb6A $GLD $SLV $TSLA
Rosner Stocks
26 Jan 15 18:26:40
$AVGO Recent News Updated Monday, January 26, 2015 8:59:25 PM $ALK $AVGO $SMH $TSLA http://t.co/BZ2YP2qy15
PolgarStocks
26 Jan 15 18:26:07
$NEM Stock Forum Updated Monday, January 26, 2015 9:07:24 PM $UCO $CFP $RSX $TSLA http://t.co/NYqnoFDJ2C
				
				
By  +Follow September 19, 2013 11:52AM
Share:

Comments

 

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.