Tesla posts 70 percent rise in quarterly deliveries, backs 2016 target
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Discounting, Lower Quality Sales and SolarCity Could Keep a Lid on Tesla (TSLA), Morgan Stanley's Jonas Says
October 4, 2016 12:31 PM EDTMorgan Stanley analyst Adam Jonas weighed in on Tesla Motors (NASDAQ: TSLA) after this weekend's strong Q3 delivery number. He said reports of vehicle discounting, lower quality sales and SCTY capital needs may limit the market's enthusiasm
Jonas issued 3 key thoughts following the numbers:
1. 24,500 units is far above our 3Q expectations. Model X volume (8,700) accounted for 2/3 of the beat vs. our estimates while Model S volume (15,800) accounted for the other 1/3 of the beat. The tilt towards Model X should be particularly positive for average transaction price in... More
Baird Reiterates Bullish View on Tesla (TSLA) Following Q3 Deliveries 'Beat'
October 3, 2016 7:10 AM EDTBaird analyst Ben Kallo reiterated his Outperform rating and $338 price target on Tesla Motors (NASDAQ: TSLA) after the company significantly beat the firm's delivery estimate in Q3.
Tesla announced it delivered ~24.5k vehicles in Q3, surpassing the firm's estimate of 21k. Management... More
