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Fly News Breaks for March 20, 2017
Mar 20, 2017 | 06:48 EDT
Deutsche Bank analyst Rod Lache raised his price target for Tesla shares to $240 following the company's capital raise. The electric carmaker will likely end 2017 with $1.8B in cash, a "significantly more comfortable liquidity cushion," Lache tells investors in a research note. The analyst assumes Tesla will produce 22,000 Model 3 units in 2017 and 250,000 Model 3 units in 2018. He expects the company to turn cash flow positive in 2018. Lache keeps a Hold rating on Tesla shares.
News For TSLA From the Last 2 Days
Apr 28, 2017 | 14:32 EDT
Tesla expiring options are busy as shares rally. The stock is squeezing $5 higher to $313.63 before the weekend and ahead of earnings on Wednesday. While shorts scramble to cover positions as shares see afternoon strength, players in the options market are mostly focused on Apr 28th options, being led by 312.5 calls and 310 puts. In fact, the ten most actives, and nearly two-thirds of the activity in Tesla options, is contracts that expire today. Beyond that, volume totals don't impress. 3M shares have changed hands and that's 35% below normal. Option flow, at 65K calls and 47K puts, is 10% less than the recent daily average.
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