Thursday, July 24, 2014

Tesla Motors: Catalysts Aplenty for Second-Half Gains, Baird Says

We're just voyeurs at the moment-we like to watch- but should the stock see enough exuberance to revisit the $265.00 all-time high this autumn I would definitely explore the short-side opportunity. $223.45, up 96 cents, last.
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:
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
The action since the momentum-stockalypse via Yahoo Finance:
Chart forTesla Motors, Inc. (TSLA)