Monday, April 7, 2014

Tesla potential weak results priced into shares, says RW Baird

Apr 7 at 07:46
Profile hits: NONE

      Baird believes the recent pullback in Tesla shares may be due to the market pricing in the potential for weak results. The firm is more cautious heading into what will likely be an uneventful quarter but sees the company as
well positioned for the future. Baird sees its gigafactory site selection,
partner announcements, the marketing campaign for the ModelX, and updates on
global trends as upcoming catalysts. Shares are Outperform rated with a $275
price target.