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. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Signup for our daily newsletter and get our best articles emailed right to you!

Results for TSLA
Capital Market Labs
27 Aug 15 16:26:44
$TSLA Very Poor Fundamental Rating -> http://t.co/d8PtUsuGIq http://t.co/efNmFcOpQA
Shane Messing
27 Aug 15 16:25:01
RT @Sandro_power: For those that did not wait for confirmation on stocks like $TSLA or $BA and just assumed they would go up, wish today th…
Capital Market Labs
27 Aug 15 16:22:39
Interactive Chart -> http://t.co/xvMRfPQqH2 $TSLA Return on Equity is Deteriorating. http://t.co/TwzLwvpj0e
TSLA Speedreader
27 Aug 15 16:22:33
$TSLA #Tesla 6 trades on momentum tech stocks http://t.co/qMuGX3eqzl
ZJC
27 Aug 15 16:14:53
@bradloncar good follow on read to book http://t.co/8o36SOULbL $TSLA
ZJC
27 Aug 15 16:13:39
@bradloncar we used to have phones -> now we all carry around mini computers. We used to drive cars -> next we will drive ?? $TSLA
Breaking News Now
27 Aug 15 16:12:02
$AAPL $TSLA $AMZN: 6 trades on momentum tech stocks: http://t.co/qBH5Mf1LI5
Capital Market Labs
27 Aug 15 16:08:39
Interactive Chart -> http://t.co/lUjdanVBtq $TSLA Return on Assets is Shrinking. http://t.co/QaBgc7PG3x
A Raja
27 Aug 15 16:05:42
RT @bradloncar: 2 1/2 years ago $TSLA was a Wall St. laughingstock. Today they received CR's highest rating for a car ever. Things change f…
Capital Market Labs
27 Aug 15 16:04:39
Interactive Chart -> http://t.co/MWKFCVEbc6 $TSLA Revenue is Increasing. http://t.co/W6cOLBreol
PennyStock Zone
27 Aug 15 16:03:03
Super_trades testimonials - see what others think of this guru! http://t.co/33FWcCmkom $MNKD $DD $WFM $PIR $WB $JKS $TSLA $TRIP $MLVF
sunkist1212
27 Aug 15 16:02:39
@bradloncar If Musk can build a rocket, it makes sense that he can build the best car in the world $TSLA
12Stocks.com
27 Aug 15 16:01:58
Nasdaq100 #Stocks Performance $MU $AVGO $TSLA $NFLX $BIDU $SNDK $WYNN $MAT $LBTYA $AMAT $STX $SWKS $VIP more@ http://t.co/YdSIjG11yN
S.P. Burke
27 Aug 15 16:00:06
Hey remember #blackmonday? $tsla http://t.co/A43TxHa4BZ
LouisLouie
27 Aug 15 15:59:47
RT @bradloncar: 2 1/2 years ago $TSLA was a Wall St. laughingstock. Today they received CR's highest rating for a car ever. Things change f…
PolgarStocks
27 Aug 15 15:59:33
$XLI Stock Message Board Updated Thursday, August 27, 2015 6:07:28 PM $XME $DIS $TSLA $F http://t.co/2RHha0wi0l
Brad Loncar
27 Aug 15 15:59:27
2 1/2 years ago $TSLA was a Wall St. laughingstock. Today they received CR's highest rating for a car ever. Things change fast.
Brad Loncar
27 Aug 15 15:56:21
Finished the Elon Musk biography today. Good book…illustrates the ups and downs of business. Very cool to see $TSLA get the 103 score today.
MC
27 Aug 15 15:54:31
RT @Airbnb and @TeslaMotors Pioneer the future of travel http://t.co/z2Q978sj7j #Airbnb $TSLA
The Market Mogul
27 Aug 15 15:54:06
Tesla's Self Driving Cars http://t.co/h8gFPxFjxq #Musk #Autonomous #ElectricCar #TeslaMobility #MorganStanley $TSLA http://t.co/1yra9R3lZ2
Sangreal
27 Aug 15 15:53:03
RT @szaman: Trading Watch List 08.28.2015 http://t.co/rM4e6FMkMO $AMBA $MBLY $TSLA $NFLX $TREE $SPY $QQQ .
Rosner Stocks
27 Aug 15 15:52:06
XLV Consumer Discretionary Select Sector SPDR Prev Close http://t.co/WMLmR91rFr $XLV $WFC $TSLA $WFC #XLV #finance #share
DennyT
27 Aug 15 15:49:34
VTI Vanguard High Yield Corporate Fund Ask Size http://t.co/1Sx5keiun0 $VTI $NAT $TSLA $MU #VTI #tradeideas #stocks
Kevin Sharpe
27 Aug 15 15:49:15
after 9 months still no sign #Tesla "400 mile" battery that @elonmusk said would be available "this spring" https://t.co/i42P2vCtfV $TSLA
Investors Hangout
27 Aug 15 15:49:13
UUP ProShares Ultra VIX Short-Term Futures ETF Dividend http://t.co/0oKoOskd45 $UUP $GOLD $UCO $TSLA #UUP #stocks #share
Rosner Stocks
27 Aug 15 15:49:07
TSLA VelocityShares Daily 2x VIX Short Term ETN 52Wk Low http://t.co/rVAHJh4Bs2 $TSLA $CTIX $AMBA $AGG #TSLA #invest #stocks
Stock Forums
27 Aug 15 15:49:04
TSLA Twitter, Inc. Change http://t.co/a4jUWskA5U $TSLA $MYEC $JPM $JPM #TSLA #investing #stockmarket
Emylers
27 Aug 15 15:49:04
UNH ProShares UltraPro S&P 500 Change http://t.co/Jl0Wzj6YI0 $UNH $V $TSLA $SLV #UNH #tradeideas #stockmarket
leahanne
27 Aug 15 15:48:09
TSLA VelocityShares Daily 2x VIX Short Term ETN News http://t.co/26KsKBK2RP $TSLA $MDBX $SPXS $IBB #TSLA #share #stockmarket
Rosner Stocks
27 Aug 15 15:48:06
TWTR Direxion Daily Small Cap Bear 3x Shares Day Low http://t.co/WR3jY2D9M2 $TWTR $FCX $CTSH $TSLA #TWTR #tradeideas #stocks
Jake13
27 Aug 15 15:48:06
TSLA Twitter, Inc. Ex-Div Date http://t.co/E62bv3IbKQ $TSLA $NKE $MMM $DWTI #TSLA #nasdaq #investing
Lucky Jimmy
27 Aug 15 15:48:06
UCO United States Gasoline Fund, LP % Change http://t.co/duso5Sjvsg $UCO $TSLA $PSEC $BNS.TO #UCO #invest #stockmarket
PolgarStocks
27 Aug 15 15:48:05
TWTR Direxion Daily Small Cap Bear 3x Shares Day Low http://t.co/1FJ1vIhj12 $TWTR $FCX $CTSH $TSLA #TWTR #tradeideas #stocks
Lucky Jimmy
27 Aug 15 15:48:04
TQQQ Tesla Motors Inc. Open http://t.co/ZNEyHVDiHF $TQQQ $TSLA $SWKS $IEF #TQQQ #pennystocks #tradeideas
Emylers
27 Aug 15 15:48:04
TSLA VelocityShares Daily 2x VIX Short Term ETN Bid http://t.co/WHZG2H4L0s $TSLA $TIP $NEM $FCX #TSLA #stockmarket #investing
danrocks
27 Aug 15 15:47:36
TSLA Twitter, Inc. Ask http://t.co/n140qpz63O $TSLA $PFE $DWTI $MU #TSLA #nasdaq #investing
DennyT
27 Aug 15 15:47:35
TSLA Twitter, Inc. Market Cap http://t.co/mrhw5iqvy1 $TSLA $DNAX $FXI $UNG #TSLA #nasdaq #invest
Jake13
27 Aug 15 15:47:34
TSLA VelocityShares Daily 2x VIX Short Term ETN Day High http://t.co/QtzQ94glFj $TSLA $CTLE $MO $EWY #TSLA #nasdaq #nasdaq
IH NASDAQ OMX
27 Aug 15 15:47:34
TCEL Teck Resources Ltd. Last Trade http://t.co/DOdY5359Je $TCEL $ALK $CLNE $TSLA #TCEL #stockmarket #stocks
leahanne
27 Aug 15 15:47:04
TSLA Twitter, Inc. Short Sales http://t.co/Cfe213wF4I $TSLA $XLV $XLK $TLT #TSLA #stock #stockmarket
Jake13
27 Aug 15 15:47:03
TCEL Teck Resources Ltd. Shares http://t.co/3MGxpgGhT6 $TCEL $TSLA $VGK $KO #TCEL #pennystocks #stock
Emylers
27 Aug 15 15:47:03
SWKS AT&T, Inc. Day Low http://t.co/Gghl47JVL4 $SWKS $LMT $TSLA $T #SWKS #investing #investing
PennyStockRally
27 Aug 15 15:46:27
RT @optionalarmchat: Another stellar day in the room. $TSLA $NFLX $AMZN $AAPL $BBIB calls $GOOGL puts. Everyone left with a smile again t…
Penny Stock Plan
27 Aug 15 15:46:27
RT @optionalarmchat: Another stellar day in the room. $TSLA $NFLX $AMZN $AAPL $BBIB calls $GOOGL puts. Everyone left with a smile again t…
OptionAlarm
27 Aug 15 15:45:25
RT @optionalarmchat: Another stellar day in the room. $TSLA $NFLX $AMZN $AAPL $BBIB calls $GOOGL puts. Everyone left with a smile again t…
clayton
27 Aug 15 15:45:03
SDS ProShares Ultra Short S&P 500 Investor Opinions http://t.co/Drn88zpDa2 $SDS $TSLA $GOOGL $DOOR #SDS #stocks #invest
OptionAlarm Chat
27 Aug 15 15:44:51
Another stellar day in the room. $TSLA $NFLX $AMZN $AAPL $BBIB calls $GOOGL puts. Everyone left with a smile again today. Ask for a trial.
jim50
27 Aug 15 15:44:33
RIG Transocean, Inc. Shares http://t.co/6QL9L4J9dj $RIG $TSLA $XIV $VZ #RIG #stockmarket #nasdaq
Lucky Jimmy
27 Aug 15 15:43:36
OIL iPath S&P GSCI Crude Oil Total Return Index ETN Change http://t.co/iYAxvyZ0j5 $OIL $FXI $DOOR $TSLA #OIL #share #stocks
Investors Hangout
27 Aug 15 15:43:35
MNKD MannKind Corp. Tick http://t.co/lPjAQhU3FX $MNKD $GM $TSLA $ASHR #MNKD #investing #stockmarketMO Altria Group Inc. Filings…
				
				
By  +Follow September 19, 2013 11:52AM
Share:

Comments

 

blog comments powered by Disqus

 Today's Must Reads

Welcome to Equities.com's Small-Cap Throwdown


These Analysts Called Apple's (AAPL) Collapse, Here's What They're Saying Now

7 Dow Stocks Worth Owning and a Lot that Aren't

Sprint Turnaround Has Begun


Saving the

Small-Cap Market

 

Small-cap stocks offer investors many benefits, ranging from higher growth potential to overlooked value opportuni... in Equities.com's Hangs on LockerDome

About us

Equities.com is an advanced financial data portal and social network designed to connect self-directed investors with the world’s most innovative startup and small cap companies. Through our in-depth coverage of small cap markets, comprehensive research and stock valuation reports, state of the art issuer products, and world class events, Equities.com provides the social tools and insight that drive tomorrow’s investment relationships and opportunities.

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

Login or Register

LOG IN