From Barron's Stocks to Watch blog:
Baird’s Ben Kallo and Tyler Frank are feeling good about Tesla Motors (TSLA) heading into its earnings on July 31, despite their belief that third-quarter estimates need to come down:The action since the momentum-stockalypse via Yahoo Finance:
We reiterate our Outperform rating and $275 price target ahead of Tesla’s Q2 report. We believe production could be stronger than expected which should set Tesla up for a solid 2H:14, and are estimating 7,565 Model S deliveries. That said, we believe street estimates need to come down for Q3:14 to account for higher operating expenses and Tesla’s lease program....MORE