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


Liked What You Read? Join Equities.com as a contributor and get eyeballs on your content FOR FREE!

Results for TSLA
James DiPlata
29 Mar 15 03:35:05
RT @OM_giveaways: Top 5 Stocks of 2015 Free HD Video!!!! $GOOGL $AAPL $TSLA $SSYS $VXX $VIX $SPY $SPX #stocks http://t.co/M2rcBOWo2Z http:/…
Stock Hobbit
29 Mar 15 03:26:11
What #sector will you #invest in today? http://t.co/ndv5bWOOj4 $TSLA $SINA $GRMN $SSYS http://t.co/YckEIfkK24
Tanguay
29 Mar 15 03:18:55
RT @alphatrends: VIDEO http://t.co/gp4ffyNYia Stock Mkt Analysis for Week Ending 3/28/15 $SPY $QQQ $IWM $XLF $SMH $AAPL $BABA $TSLA
Gary Finau
29 Mar 15 03:12:16
All morals aside, advanced forces are continuously working to take up #marketshare. Integrate #flexibility into your #strategy $TSLA
OM_giveaways
29 Mar 15 02:51:12
Top 5 Stocks of 2015 Free HD Video!!!! $GOOGL $AAPL $TSLA $SSYS $VXX $VIX $SPY $SPX #stocks http://t.co/M2rcBOWo2Z http://t.co/EqO3HFyI2P
Planet Option
29 Mar 15 02:30:51
#Tesla's Model X could send its #stocks skidding http://t.co/IdfzOtz5su $TSLA #electricvehicles #investor #nasdaq http://t.co/jU66evALbs
read d facts
29 Mar 15 01:23:17
RT @2morrowknight: #SteveJobs’ biographer @BrentSchlender thinks @ElonMusk is the next great visionary http://t.co/TNr68qhOye $TSLA http://…
James DiPlata
29 Mar 15 01:20:39
RT @hedgeowlcom: $AAPL $BA $VXX $GLD $TSLA $VHT My January gain 2701.82$ http://t.co/3xLXoWnVpY
Hedge Owl
29 Mar 15 00:26:44
$AAPL $BA $VXX $GLD $TSLA $VHT My January gain 2701.82$ http://t.co/3xLXoWnVpY
Hedge Owl
29 Mar 15 00:22:29
my end of the week weekly position update. $nvs $glid $baba $tsla visit me at http://t.co/w54jNimgMK http://t.co/x7c8EFdPaR
Ophir Gottlieb
29 Mar 15 00:12:41
$TSLA Research and Development is Increasing. Chart: http://t.co/4bsMG1n9DC
Stock Hobbit
29 Mar 15 00:07:07
What #sector will you #invest in today? http://t.co/ndv5bWOOj4 $TSLA $SINA $GRMN $SSYS http://t.co/4O8DCpkxjP
James DiPlata
28 Mar 15 23:16:15
RT @tradewithjoe: Going over charts this weekend - $SPY $DIA $QQQ $IWM $TLT $GDX $GLD $FB $TWTR $TSLA $AMZN $NFLX $GOOGL $LNKD $BIDU $YHOO …
Neal
28 Mar 15 23:06:55
RT @alphatrends: VIDEO http://t.co/gp4ffyNYia Stock Mkt Analysis for Week Ending 3/28/15 $SPY $QQQ $IWM $XLF $SMH $AAPL $BABA $TSLA
Forex First Aids
28 Mar 15 23:00:48
RT @tradewithjoe: Going over charts this weekend - $SPY $DIA $QQQ $IWM $TLT $GDX $GLD $FB $TWTR $TSLA $AMZN $NFLX $GOOGL $LNKD $BIDU $YHOO …
tradewithjoe
28 Mar 15 22:59:15
Going over charts this weekend - $SPY $DIA $QQQ $IWM $TLT $GDX $GLD $FB $TWTR $TSLA $AMZN $NFLX $GOOGL $LNKD $BIDU $YHOO $BABA - woot!
Corporate Prophet
28 Mar 15 22:44:54
RT @InsiderOp: I'm out $TSLA. $1200 Not too bad for a 41 minute trade.
ALittleLonger
28 Mar 15 22:17:44
RT @SteadyOptions_: $TSLA, $LNKD, $NFLX, $GOOG: Thank You, See You Next Cycle - https://t.co/1YyEzQcLTi - next cycle around the corner. We …
Wincrease Team
28 Mar 15 21:53:58
Examples of our trades from the Mar 15 week for $AAPL $AMZN $FB $GOOGL $NFLX $TSLA. Join for free - http://t.co/6hQW776bNy
Wincrease Team
28 Mar 15 21:52:36
We went 12-0 for the Mar4 week trading $AAPL $AMZN $FB $GOOGL $NFLX $TSLA. Overall 156-22 for the year. - http://t.co/ovVuPPRw25
OptionsGenius
28 Mar 15 21:44:22
" @Administrator : http://t.co/PBJ0Ij9usS $TWTR $TSLA "
Darrell Koenig
28 Mar 15 21:42:39
RT @KimbleCharting: Watch for broken support and a kiss of resistance $TSLA $QQQ $SPY http://t.co/8dxHB5BC2V
tradewithjoe
28 Mar 15 21:41:19
Testing calling out day trades next week on TWTR - $AAPL $FB $TSLA $IWM $SPY $GOOGL $AMZN $NFLX $TWTR - follow for trades.
OM_giveaways
28 Mar 15 21:41:07
Top 5 Stocks of 2015 Free HD Video!!!! $GOOGL $AAPL $TSLA $SSYS $VXX $VIX $SPY $SPX #stocks http://t.co/M2rcBOWo2Z http://t.co/74Ax4YvXbl
Stock Hobbit
28 Mar 15 21:36:08
What #sector will you #invest in today? http://t.co/ndv5bWOOj4 $TSLA $SINA $GRMN $SSYS http://t.co/fTtwEttreD
Someguy
28 Mar 15 21:25:39
RT @2morrowknight: #SteveJobs’ biographer @BrentSchlender thinks @ElonMusk is the next great visionary http://t.co/TNr68qhOye $TSLA http://…
Kevin
28 Mar 15 21:14:29
RT @SteadyOptions_: $TSLA, $LNKD, $NFLX, $GOOG: Thank You, See You Next Cycle - https://t.co/1YyEzQcLTi - next cycle around the corner. We …
LVK
28 Mar 15 21:13:31
RT @SteadyOptions_: $TSLA, $LNKD, $NFLX, $GOOG: Thank You, See You Next Cycle - https://t.co/1YyEzQcLTi - next cycle around the corner. We …
Robert
28 Mar 15 21:09:20
RT @alphatrends: VIDEO http://t.co/gp4ffyNYia Stock Mkt Analysis for Week Ending 3/28/15 $SPY $QQQ $IWM $XLF $SMH $AAPL $BABA $TSLA
Russell Barbour
28 Mar 15 21:05:07
Super_trades testimonials - see what others think of this guru! http://t.co/dxCIDeIROE $MNKD $DD $WFM $PIR $WB $JKS $TSLA $TRIP $MLVF
Discord
28 Mar 15 21:04:55
@TheNextWeb Disadvantage: It's a gas-powered car. $TSLA
My Financial Wisdom
28 Mar 15 21:03:54
Ford's Big Year: http://t.co/uPxGtG0NC6 $F #FORD $TSLA #Investing #StockMarket #F150 #Oil #GasPrices #Oilsands
gordon gekko is god
28 Mar 15 20:51:10
RT @ShayneHeffernan: $TSLA Tesla Motor’s (NASDAQ:TSLA) Sets Up For A Deep Dive: Tesla Motor’s (NASDAQ:TSLA) Sets Up For A Deep Dive http:/…
stockerblog
28 Mar 15 20:47:06
#Tesla 's Model X could send its stock skidding http://t.co/zUZnFYRii3 $TSLA
Live Trading News
28 Mar 15 20:43:41
RT @ShayneHeffernan: $TSLA Tesla Motor’s (NASDAQ:TSLA) Sets Up For A Deep Dive: Tesla Motor’s (NASDAQ:TSLA) Sets Up For A Deep Dive http:/…
Kim Klaiman
28 Mar 15 20:29:49
$TSLA, $LNKD, $NFLX, $GOOG: Thank You, See You Next Cycle - https://t.co/1YyEzQcLTi - next cycle around the corner. We are in $NFLX already.
Hadel S. Ma'ayeh
28 Mar 15 20:07:46
RT @2morrowknight: #SteveJobs’ biographer @BrentSchlender thinks @ElonMusk is the next great visionary http://t.co/TNr68qhOye $TSLA http://…
Jeremy Arizola
28 Mar 15 20:02:28
Going over $TSLA chart one more time. I could see a swing as violent as 194 to the upside. 184-185 is the level that HAS to hold or, 💥💥💥💥
James DiPlata
28 Mar 15 20:00:51
RT @tradewithjoe: Trade With Joe For Free - ZERO cost chat room - https://t.co/kHWMwwmccs $SPY $QQQ $IWM $BABA $GPRO $AMZN $GOOGL $TSLA $AA…
tradewithjoe
28 Mar 15 19:54:22
Trade With Joe For Free - ZERO cost chat room - https://t.co/kHWMwwmccs $SPY $QQQ $IWM $BABA $GPRO $AMZN $GOOGL $TSLA $AAPL $YHOO $TWTR $FB
things for free
28 Mar 15 19:46:52
RT ☐ Free guide to understanding risk graphs http://t.co/F5NKfecAYw $NFLX $PCLN $TSLA http://t.co/F5NKfecAYw
tradewithjoe
28 Mar 15 19:41:20
@WanKimm86 I am a day trader of options mainly. Bullish on $FB long term. $AAPl after a pullback to support. $TSLA is dead money imho.
Carolyn B Miciano
28 Mar 15 19:31:31
Free guide to understanding risk graphs http://t.co/e9UDURwuRx $NFLX $PCLN $TSLA
Justin Fuller
28 Mar 15 19:26:34
Lot of arguing on $TSLA, seems like a lot people struggle keeping trading and investing as separate ideas.
Carolyn B Miciano
28 Mar 15 19:26:20
All about MACD indicator Free course http://t.co/Qa9da55QQI $NFLX $PCLN $TSLA
reflex
28 Mar 15 19:25:52
What You Learn When Visiting A Tesla And Chevrolet Dealer Back-To-Back http://t.co/0S6gFxuUw0 $tsla
Carolyn B Miciano
28 Mar 15 19:09:01
Using #Fibonacci for profitable exits http://t.co/NgnEXwnzEC $CMG $TSLA $BIDU
Carolyn B Miciano
28 Mar 15 19:02:57
All about the Bull call spread http://t.co/0RVJ8Ctu5h $CMG $TSLA $BIDU
Michalis Petrondas
28 Mar 15 19:00:42
RT @2morrowknight: #SteveJobs’ biographer @BrentSchlender thinks @ElonMusk is the next great visionary http://t.co/TNr68qhOye $TSLA http://…
Stock Hobbit
28 Mar 15 18:50:09
What #sector will you #invest in today? http://t.co/ndv5bWOOj4 $TSLA $SINA $GRMN $SSYS http://t.co/TF5lu4AwZ4
				
				
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.