Oppenheimer analyst Colin Rusch believes that with Tesla's shares hovering around its March 2019 convertible note conversion price of $359.87, they are poised to break higher exiting 2018 and through the first part of 2019. After a drama-filled fall that concluded with a settlement with SEC and a new board chair, the analyst thinks Tesla is enjoying improving fundamentals based on increasingly efficient manufacturing, strong ASPs leading to better than expected cash flow, as well as slow and disappointing competition entering the market for EV/PHEVs. Further, Rusch believes as Tesla delivers steady cash flow, a new group of investors will begin taking positions, helping drive shares higher. The analyst reiterates an Outperform rating and $418 price target on the shares.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Notable profits for the buyer who lifted the $6.25 offer for 3,135 Tesla (TSLA) May-24 155 puts yesterday at 09:53ET when underlying shares were trading at $165.33. Shares closed at $161.48, and the puts at $7.84 for a mark-to-market profit of 25%, or $498K, on the $1959K outlay.

Tesla is focused on building a giant Texas datacenter for its robotaxi project, which is now a top priority, after postponing work on a cheaper vehicle, Electrek's Fred Lambert reports. The cheaper vehicle, codenamed NV9, sometimes referred to as Model 2, was expected to cost around $25,000, but Lambert writes that the program is "effectively scratched" right now as Tesla is putting all resources into its self-driving effort. Reference Link