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.


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

Results for TSLA
Winborn Traders
17 Sep 14 10:02:06
Get Your 7-day Free Trial $ES_F Live Trading Room Visit http://t.co/lIREoJPv8j $SPY $FB $NQ_F $SPX $YM_F $TSLA $NFLX $TWT $QQQ $DJI
msputoptions
17 Sep 14 10:01:09
As of today my $TSLA straddle is ITM on the call side with less then 2 days until expiration $730.00 profit go FOMC http://t.co/ZcEAZNeyQf
Market Int Center
17 Sep 14 10:00:53
Tesla $TSLA Trading Near $268.58 Resistance Level ( http://t.co/vgxOipP3GY )
Read_this_n0w
17 Sep 14 10:00:14
SCON more updates , still slowly adding april calls.. later common to follow http://t.co/3rohRoZC8f $GE $TSLA $TKAI $BABA $YHOO $SPY
nobullshytrader
17 Sep 14 10:00:05
$TSLA everyday its a new PR "newz" headline, thu PUMPIN on this 1 rivalz that uv $UNXL b4 thu implosion
Futures Day Trader
17 Sep 14 09:55:07
Get Your 7-day Free Trial $ES_F Live Trading Room Visit http://t.co/Dg07gT10Sf $SPY $FB $NQ_F $SPX $YM_F $TSLA $NFLX $TWT $QQQ $DJI
nobullshytrader
17 Sep 14 09:50:55
$TSLA $NFLX $LNKD $TASR thu 4 horsemen are still bein liquidated
Winborn Traders
17 Sep 14 09:50:40
Get Your 7-day Free Trial $ES_F Live Trading Room Visit http://t.co/xnrgpKu9l0 $SPY $FB $NQ_F $SPX $YM_F $TSLA $NFLX $TWT $QQQ $DJI
Quang Doan
17 Sep 14 09:50:32
"shock and awe" on the downside. lol $ES_F $TSLA $AAPL $AMZN $PCLN $SPY $NFLX $P
PolgarStocks
17 Sep 14 09:43:27
$EWY News Click Here: http://t.co/y7q1cVI5Yp Also See: $GOOGL $INOH $JOBS $TSLA ~
OptionSamurai
17 Sep 14 09:42:42
RT @Lebeaucarnews: Morningstar launches $TSLA coverage. It's "Fair Value Price": $179 well below where it's at right now,..$260
Winborn Traders
17 Sep 14 09:42:23
Get Your 7-day Free Trial $ES_F Live Trading Room Visit http://t.co/auQ6VnwERN $SPY $FB $NQ_F $SPX $YM_F $TSLA $NFLX $TWT $QQQ $DJI
Winborn Traders
17 Sep 14 09:41:39
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
John Dare
17 Sep 14 09:41:25
RT @Lebeaucarnews: Morningstar launches $TSLA coverage. It's "Fair Value Price": $179 well below where it's at right now,..$260
Trader
17 Sep 14 09:40:58
RT @Lebeaucarnews: Morningstar launches $TSLA coverage. It's "Fair Value Price": $179 well below where it's at right now,..$260
Quang Doan
17 Sep 14 09:39:47
$TSLA 259 254.33 to 249. lol..... wow.... upside 270.45 to 273.42 t 276.13. wow...
Kamil
17 Sep 14 09:39:39
RT @Lebeaucarnews: Morningstar launches $TSLA coverage. It's "Fair Value Price": $179 well below where it's at right now,..$260
Daren Cullimore
17 Sep 14 09:37:00
$TSLA tapped 260. Covered for +2.15/share.
Carolyn B Miciano
17 Sep 14 09:36:57
Simplify your Options quotes screens http://t.co/7M7lonzyO3 $GLD $SLV $TSLA
Phil LeBeau
17 Sep 14 09:36:06
Morningstar launches $TSLA coverage. It's "Fair Value Price": $179 well below where it's at right now,..$260
number16
17 Sep 14 09:35:24
#Tesla Motors Inc $TSLA - Sep 17 2014 17:34 CHART ----> http://t.co/M9pv2Ls7v5
Emini Scalping
17 Sep 14 09:33:45
Get Your 7-day Free Trial $ES_F Live Trading Room Visit http://t.co/7n01tj4qub $SPY $FB $NQ_F $SPX $YM_F $TSLA $NFLX $TWT $QQQ $DJI
Becky Hiu
17 Sep 14 09:32:57
No love for some momos like $AMZN $LNKD $TSLA today
Henry Situ
17 Sep 14 09:32:45
Sold $aapl Bought $tsla
BUMBLEBEECHARTS
17 Sep 14 09:28:53
"@CBOE: Active calls @ CBOE; $TSLA 315K $TWTR 287K $NFLX 133K $YHOO 104K $AMZN 101K $AA 79K"
Winborn Traders
17 Sep 14 09:25:47
Get Your 7-day Free Trial $ES_F Live Trading Room Visit http://t.co/YUjFXilYfh $SPY $FB $NQ_F $SPX $YM_F $TSLA $NFLX $TWT $QQQ $DJI
Natalie Lobanova
17 Sep 14 09:24:35
RT @kirillklip: #Electric #Car For $15k? #Foxconn to Invest 5 Billion Yuan in China. #EV #Green $TSLA $LIT http://t.co/DpYP22vBbV http://t.…
Natalie Lobanova
17 Sep 14 09:24:28
RT @ILCtsxv: Kirill Klip.: U.S. Department Of #Energy: National Drive Electric Week. $TSLA $ILC.v $TNR.v $LIT $FMC $KNDI http://t.co/k6LyEI…
EMini Futures
17 Sep 14 09:22:46
Get Your 7-day Free Trial $ES_F Live Trading Room Visit http://t.co/TVcNGpes4X $SPY $FB $NQ_F $SPX $YM_F $TSLA $NFLX $TWT $QQQ $DJI
Investors Hangout
17 Sep 14 09:16:12
DennyT: TSLA Recent News $TSLA $UVXY $USD $SNE $PLUG http://t.co/4eA1IkukmW
Investors Hangout
17 Sep 14 09:16:11
DennyT: TSLA Recent News $TSLA $UVXY $USD $SNE $PLUG http://t.co/GQbVJZB9ao
Phil Davis
17 Sep 14 09:15:05
RT @GregPSW: This week's #trading webinar with @philstockworld is now available! http://t.co/rg0a1vOucG $AAPL $TSLA $QQQ
John Dare
17 Sep 14 09:13:56
$tsla. "It's real quiet out there" The crickets have stopped. "Ya, too quiet"
Stifel
17 Sep 14 09:13:39
Stifel Auto Analyst James Albertine says the recent dip in #Tesla shares present a unique buying opportunity. http://t.co/LW5sUFYX0e $TSLA
Eugene Levitsky
17 Sep 14 09:12:01
Staying away from many recent momentum stocks. I think much sideways movement is ahead. $TWTR $VEEV $SPLK $TSLA $GRPN $YELP $YHOO $NFLX
nobullshytrader
17 Sep 14 09:11:49
$TSLA analysts r just throwin darts rite now blindfolded, we're just laughin...
MarketMood
17 Sep 14 09:11:46
$TSLA BEARISH @ 261.13
nobullshytrader
17 Sep 14 09:11:10
$TSLA Morgan Stanely speculatin on Model X which they "havent driven" yet, 4 wheel drive ,500K 2020 salez projectionz,everyonez just guessin
DennyT
17 Sep 14 09:10:11
TSLA Recent News $TSLA $UVXY $USD $SNE $PLUG Opinion,Parabolic SAR,Open,News,Hitting Buzz Stock Quote http://w http://t.co/NhkwwT1A1z
Evan Yu
17 Sep 14 09:07:47
I enjoyed that $TSLA morning sell-off. Did your indicators catch it for you? #trading #tradinglife #daytrader #daytrading
nobullshytrader
17 Sep 14 09:07:17
$TSLA musk iz "deeply honored", this iz thu garbage makin Marketwatch headlines PUMPATHON now http://t.co/1BUG1oqZiv
The Logical Truth
17 Sep 14 09:06:32
#Buy $DNAX #DNA #Energy #Drinks #New #CEO #Real #Experience > $FNMA $HEMP $PMCM $PHOT $PLPL $CBIS $JPM $GS $MS $TSLA $FB $TWTR $GOOG $MSFT
Carolyn B Miciano
17 Sep 14 09:06:09
Learn to use #thinkorswim for active trading http://t.co/yAOTEy8rmJ $CMG $TSLA $BIDU
enz
17 Sep 14 09:05:22
@markbspiegel maybe you should work the street to cover those $TSLA short loses instead of spreading FUD, Vaseline only at 2.29$
Jon Vince
17 Sep 14 09:04:32
@optionmonster @FastMoneyLydia @ScottWapnerCNBC - Took profits on $AAPL & $TSLA for #BABA $$
Daren Cullimore
17 Sep 14 09:01:38
I'm short on $TSLA at 262.05. Stop is in the black. Waiting for a tap on 260.
Haskell & White LLP
17 Sep 14 09:01:27
Nevada has approved the @TeslaMoters unprecedented package of #tax incentives. $TSLA http://t.co/GBUa8SikGA $TSLA
Stock Wars
17 Sep 14 09:00:01
U.S. Active (Stock Wars): $TSLA +0.25%, $GOOG +0.63%, $IBM -0.19%, $AAPL +0.23%, $GOOGL +0.53% http://t.co/iKxPnk4TjS #StockWars
Cheryl Campbell
17 Sep 14 08:58:43
RT @CNBCClosingBell: ICYMI James Albertine from @Stifel says there's a "unique opportunity" to buy Tesla now. Find out why! $TSLA http://t.…
Abraham Ben Yiju
17 Sep 14 08:56:02
$TSLA Tesla Battery Cost: New Report Suggests Model 3 To Cost $50K Or More [Bearish] http://t.co/7fZLVIbNq6
				
				
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.