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USA: Tesla: Wunderlich Ups Rating; Is Model S Ahead Of Schedule?

Tesla shares are trading sharply higher this morning after Wunderlich Securities analyst Theodore O’Neill lifted his rating on the electric car maker to Buy from Hold, setting a new target of $49, up from $30. The stock closed Friday at $34.08.

O’Neill reports that he hosted an investor tour last week of both the Tesla factory in Fremont, and corporate HQ in Palo Alto. The analyst says he was eager to see the factory because he thought the company’s goals were ahead of its means in the area of auto production. “Instead, we were confronted with some hundred or so of the massive dies needed to produce the model S body,” he writes. “Although none of them were inside the presses, it was clear that between what was on the floor and what was coming in front suppliers, it was at or ahead of schedule.”
Tesla shares are trading sharply higher this morning after Wunderlich Securities analyst Theodore O’Neill lifted his rating on the electric car maker to Buy from Hold, setting a new target of $49, up from $30. The stock closed Friday at $34.08.

O’Neill reports that he hosted an investor tour last week of both the Tesla factory in Fremont, and corporate HQ in Palo Alto. The analyst says he was eager to see the factory because he thought the company’s goals were ahead of its means in the area of auto production. “Instead, we were confronted with some hundred or so of the massive dies needed to produce the model S body,” he writes. “Although none of them were inside the presses, it was clear that between what was on the floor and what was coming in front suppliers, it was at or ahead of schedule.”
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1 comment to USA: Tesla: Wunderlich Ups Rating; Is Model S Ahead Of Schedule?

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