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Fly News Breaks for March 20, 2017
TSLA
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
TSLA
Mar 24, 2017 | 10:23 EDT
Tesla CEO Elon Musk says in a tweet, "Am noticing that many people think Model 3 is the 'next version' of a Tesla, like iPhone 2 vs 3. This is not true. Model 3 is just a smaller, more affordable version of Model S w less range & power & fewer features. Model S has more advanced technology." Reference Link
TSLA
Mar 23, 2017 | 08:51 EDT
Morgan Stanley analyst Adam Jonas thinks Tesla's mass-market Model 3 will feature hardware and software that could yield safety performance "significantly" ahead of all other cars on sale today. The analyst, who contends that "You don't put a liquid cooled supercomputer in every car to make it just twice as safe as other cars," notes that Tesla has stated a goal to make its vehicles 10 times safer than the average car, while adding that "nearly every" automaker he talks to says safety is the number one determinant of purchases. If the Model 3 can demonstrate a safety edge on that order of magnitude, Jonas would expect an acceleration of the market's awareness of the obsolescence of used cars and an acceleration of insurance company repricing of premiums, he tells investors. The analyst keeps an Overweight rating and $305 price target on Tesla shares.
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