Friday, November 18, 2016

After the Merger Vote, What Now For Tesla? (TSLA)

One of the reasons we counsel discounting NVIDIA's autonomous vehicle opportunity is because their big tie-up with Tesla is dependent on Tesla being able to execute the master plan which in turn is dependent on TSLA coming up with somewhere between $3 and $12 billion dollars while the market is still accommodative.

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:
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 
Elon Musk Channels OK Go (TSLA)