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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
Darrell
23 Oct 14 14:33:43
RT @stockgarage: Stocks on watch for tomorrow - http://t.co/9KyFFHKMV9 $TSLA $WYNN $Z $BBRY
Stock Relay
23 Oct 14 14:30:44
$QLD Summary Click Here: http://t.co/HgfVyXjNgR Also See: $MLNX $USLV $HK $TSLA ~
₩³
23 Oct 14 14:30:43
RT @CAMAR024: $WYNN & $TSLA best setups for tomorrow- Watchlist for friday is up http://t.co/aTtYtjNsBU $Z $BBRY
Alan Ohnsman
23 Oct 14 14:30:22
RT @Lebeaucarnews: Avg. hourly wage at the new $TSLA gigafactory? $26.16 http://t.co/TZzhFUUlju via @rgj
Bill Kelleher
23 Oct 14 14:29:18
@SeekingAlpha Daimler unloads their shares in $TSLA - because the now own http://t.co/JVFWpCJilp - TSLA lost Toyota- http://t.co/TvKj6R1CpJ?
Carolyn B Miciano
23 Oct 14 14:26:41
Bull Put spreads explained with a live trade http://t.co/wpecbKYH97 $GLD $SLV $TSLA
Pierre Loret
23 Oct 14 14:20:19
After @Daimler( $DAI ) previously this week, it's time for @Toyota to sell a part of its @TeslaMotors stake( $TSLA ) http://t.co/aRr0DtoRQX
Ryan Melancon
23 Oct 14 14:08:27
RT @CAMAR024: $WYNN & $TSLA best setups for tomorrow- Watchlist for friday is up http://t.co/aTtYtjNsBU $Z $BBRY
Frank Bertini
23 Oct 14 14:07:34
$MXWL and $GLW announce Advanced #Ultracapacitor development. Caps store energy in an electric field. $TSLA? http://t.co/mIGaDLiwtf
Ryan
23 Oct 14 13:55:42
RT @CAMAR024: $WYNN & $TSLA best setups for tomorrow- Watchlist for friday is up http://t.co/aTtYtjNsBU $Z $BBRY
ARK Web x.0
23 Oct 14 13:52:00
$AAPL Carplay: Automatically unlock your car as you approach it - Opportunity to collaborate with $TSLA ? - http://t.co/PxcXnzfKop
ZOZO
23 Oct 14 13:46:14
RT @CAMAR024: $WYNN & $TSLA best setups for tomorrow- Watchlist for friday is up http://t.co/aTtYtjNsBU $Z $BBRY
Nancy Boots Davison
23 Oct 14 13:45:50
RT @CAMAR024: $WYNN & $TSLA best setups for tomorrow- Watchlist for friday is up http://t.co/aTtYtjNsBU $Z $BBRY
jake
23 Oct 14 13:44:50
$WYNN & $TSLA best setups for tomorrow- Watchlist for friday is up http://t.co/aTtYtjNsBU $Z $BBRY
Nerd Criollo
23 Oct 14 13:36:31
Hoy #Tesla Motors, Inc. $TSLA cerró a $235.29.
Eagle of Wall Street
23 Oct 14 13:32:53
$TSLA, big congrats to those who held long overnight -- WOW! http://t.co/bVRLupaCcJ
Inside Markets
23 Oct 14 13:30:36
@Yuweilin A $TSLA does not help the environment.
The Stock Garage
23 Oct 14 13:29:13
Stocks on watch for tomorrow - http://t.co/9KyFFHKMV9 $TSLA $WYNN $Z $BBRY
Nicola Theron
23 Oct 14 13:26:52
$TSLA becoming so popular here we even have a straight named after it http://t.co/no5IgPDMPh
Volatility Implied
23 Oct 14 13:25:08
#TBT 10/23/2014 $MANNING $SMH $UVXY $UUP $TBT $EPI $FB $TSLA $INTC $BABA $MSFT $BAH $UA *SHORT $GC_F IN SIZE!! #crude http://t.co/VnFyJpw7MN
.
23 Oct 14 13:18:51
@ $AMZN $BABA $FB $GOOG $AAPL $TSLA $MU $SPY $QQQ $DIA Amazon stock is going get punished tomorrow…..anyone smell $250 or below….???
Jonas
23 Oct 14 13:15:07
Tesla Motors Inc stock update for October 23, 2014 $TSLA http://t.co/G6M6mVsk2e
John Docherty
23 Oct 14 13:02:32
RT @TeslaAgnostic: Check out this $TSLA table, shows how Teslas US sales are falling, only kept up by opening new stores http://t.co/INh7rE…
msputoptions
23 Oct 14 13:00:06
$TSLA Trade indicators for long trades. TARGET 2 Price: 260.78 Profit: 11.1% for an extreme rally.
Stock Relay
23 Oct 14 12:58:46
$NUGT Last Trade Click Here: http://t.co/s7jqeU9OTI Also See: $DUST $TSLA $ATPAQ $ZAZA ~
Juan Carlos Minero
23 Oct 14 12:50:59
mesas $tsla esta +2 no .70% chinguenleeee carajoo!!
Juan Carlos Minero
23 Oct 14 12:48:23
$TSLA haber mesas pongan el precio correcto carambas!
TSLA Speedreader
23 Oct 14 12:47:48
$TSLA #Tesla Daimler Profit Beats Estimates as Mercedes Sales Expand http://t.co/HjAr7zUSmX
msputoptions
23 Oct 14 12:42:05
$TSLA Trade indicators for long trades. TARGET 1 Price: 255.82 Profit: 9% , for a typical rally.
mustped
23 Oct 14 12:41:28
go go go $TSLA . radiant energy enabled
Zonebourse News
23 Oct 14 12:40:04
Toyota a cédé des actions de Tesla-presse http://t.co/QRYMclwUD0 $DAI $TSLA $N225 $7203 $ANBD
Vlad Mazek
23 Oct 14 12:38:51
Closing out $YHOO and $TWTR shorts for a profit, $TSLA at a loss. Didn't see it popping up after lunch and too strong for my taste here.
Stock Relay
23 Oct 14 12:38:10
wininstocks2014: Stock Charts: TSLA 234.87 Stock Charts $TSLA Tesla Motors Inc. http://t.co/IFwdmnaC93
Zonebourse.com
23 Oct 14 12:38:06
Toyota a cédé des actions de Tesla-presse http://t.co/pkLCWICl1F $DAI $TSLA $N225 $7203 $ANBD
Carolyn B Miciano
23 Oct 14 12:36:26
Support and resistance free course http://t.co/fySig5FaDS $GLD $SLV $TSLA
Quang Doan
23 Oct 14 12:28:05
come on! it is just #Ebola...... There is nothing to be panic about. $ES_F $SPY $TSLA $NFLX $AAPL $GOOG
Quang Doan
23 Oct 14 12:07:28
better quarantine #NYC and #NY state. close $JFK airport and all new york airports $ES_F $SPY $TSLA $NFLX. New york is so much crowded. lol
Charles Smith
23 Oct 14 12:06:15
RT @HedgehogTrader: I'd love to see a car company come out with a model called The Tardis. Make it so, Tesla $TSLA @elonmusk
Hedgehog Trader
23 Oct 14 12:05:22
I'd love to see a car company come out with a model called The Tardis. Make it so, Tesla $TSLA @elonmusk
Quang Doan
23 Oct 14 12:02:14
$TSLA and $NFLX better hold on tight. more rock over night for more sell off.
Tarek Rached
23 Oct 14 11:58:42
RT @TheTomArnold: Starting to hear from CA buildings that @TeslaMotors is approaching them to sell batteries for demand charge management $…
Quang Doan
23 Oct 14 11:57:28
like I said.... #Ebola ultimate beats the #Fed. lol....because it is in the backyard now $ES_F $SPY $AAPL $TSLA $NFLX
Bidness Etc
23 Oct 14 11:57:11
#Tesla Motors Ready To Conquer #Australia http://t.co/3DIgyIHLsf $TSLA
Cutlass
23 Oct 14 11:57:01
RT @TheOptionDon: $SPY confirmed breakout above --->$195<--- as noted in my {VIDEO} yesterday. http://t.co/ipvsBMZbcy $AAPL $FB $GOOGL $AMZ…
Langan Stocks
23 Oct 14 11:51:27
$GDXJ Ideas Click Here: http://t.co/f9I6z7koHD Also See: $WTCG $TSLA $HAS $AUY ~
TSLA Speedreader
23 Oct 14 11:51:25
$TSLA #Tesla [video] 5 stunning stats about Tesla http://t.co/VW6ky0JM3B
Carolyn B Miciano
23 Oct 14 11:48:36
Killer monthly income strategy using spreads http://t.co/i8Sj1jelk2 $NFLX $PCLN $TSLA
TheOptionDon
23 Oct 14 11:48:29
$SPY confirmed breakout above --->$195<--- as noted in my {VIDEO} yesterday. http://t.co/ipvsBMZbcy $AAPL $FB $GOOGL $AMZN $TSLA $NFLX
Quang Doan
23 Oct 14 11:47:20
looking for $NFLX 365 tomorrow. $TSLA 223 $SPY 194.75 to 194.57
Gabriel Román
23 Oct 14 11:46:48
Toyota sells some Tesla Motors shares -Nikkei -via @YahooFinance. And still going strong $TSLA bullish @TeslaMotors http://t.co/qWtleJrUsv
				
				
By  +Follow September 19, 2013 11:52AM
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