From Barron's Stocks to Watch:
Tesla Motors: What Now?
Baird’s Ben Kallo and Tyler Frank expect shares of Tesla Motors (TSLA) to “move higher after noise around the SolarCity (SCTY) acquisition subsides.” They explain why:Earlier:
Reiterate Outperform rating after Tesla shareholders voted to approve SolarCity acquisition with an 85% vote. Although the acquisition was controversial, we see potential long-term benefits as Tesla has identified growth opportunities (solar roof/complete energy systems) and SolarCity is shifting toward cash sales and to become less reliant on capital markets....MORE
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