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TSLA

Tesla

$357.32

-12.68 (-3.43%)

08:15
06/12/17
06/12
08:15
06/12/17
08:15

Tesla 'not so much about the Model 3' at current valuation, says Morgan Stanley

Morgan Stanley analyst Adam Jonas said that if demand for the Model 3 exceeds Tesla's ability to produce and cash burn gets no worse, he thinks the stock could "remain well supported" in the near to medium term. However, he also thinks the only addressable market "big enough to propel the stock's value to the levels of Elon Musk's aspirations" is the mobility market. Musk first alluded to a "Tesla Network" over a year ago, but has said very little on the matter since then, though Jonas thinks "this quiet period probably cannot last much longer." The analyst, who keeps an Equal Weight rating and $305 price target on Tesla, has raised his "bear case" price on the stock to $175 from $50, as he now values the stock on its strategic value in the transportation sector.

  • 02

    Oct

TSLA Tesla
$357.32

-12.68 (-3.43%)

05/24/17
05/24/17
NO CHANGE

Perform
Opco sees limited number of competitors for Tesla's Model 3
Oppenheimer analyst Colin Rusch believes Tesla's (TSLA) Model 3 rollout is critical to its position in Advanced Driver Assist Systems. Tesla's ability to "accelerate learning cycles related to characterizing driving behavior" is facilitated by the high volume rollout of Model 3," Rusch tells investors in a research note. His channel checks indicate just fifteen models with semi-autonomous driving technology are currently available for model years 2016/2017. These cars are offered by BMW, Mercedes-Benz, Volvo, and Tesla. The analyst notes that a RAND Corporation study estimates over 11B test miles would be necessary in order to show statistically significant evidence of the autonomous vehicle's superiority over human drivers. With Model 3 enabling high mileage data collection, Tesla can accumulate the necessary mileage within just 27 months, or by mid-2021, Rusch writes. The analyst sees the potential for Tesla's ADAS value to be "significantly higher" than Mobileye's (MBLY) acquisition price if it can control the machine learning aspect of the product development. Rusch has a Perform rating on Tesla shares. The stock closed yesterday down $6.49 to $303.86.
05/24/17
BARD
05/24/17
NO CHANGE
Target $368
BARD
Outperform
Baird believes Tesla could reach $500 if management achieves targets
Baird analyst Ben Kallo believes Tesla share could reach $500 if management achieves its stated targets, including the successful launch of the Model 3. He said Tesla remains a top pick with further growth upcoming. Kallo reiterated his Outperform rating and $368 price target on Tesla shares, citing the company's competitive edge in product development and strategy and its unique skill set across its businesses.
05/26/17
RBCM
05/26/17
NO CHANGE
RBCM
Tesla Model 3 gross margins could reach 20% in 2018, says RBC Capital
After meeting with Tesla's CFO, RBC Capital analyst Joseph Spak says the company's Model 3 could reach 20% gross margins at its target of 5K per week ,which the analyst thinks that the company could reach in 2018. He predicts that the company's free cash flow will be positive if it attains that goal, and he thinks that bulls on the stock will be satisfied with that milestone. He keeps a $314 price target and Sector Perform rating on the name.
05/31/17
MSCO
05/31/17
NO CHANGE
Target $305
MSCO
Equal Weight
Tesla seen more widely as 'more than a car company,' says Morgan Stanley
Morgan Stanley analyst Adam Jonas said he believes the market is increasingly viewing Tesla (TSLA) as "more than a car company," giving it a low chance of success of disrupting a $10T global market for mobility rather than a high chance of success in the smaller traditional light vehicle market. There is "little doubt that Tesla has a seat at the table" for any conversation about machine learning and the multi-trillion-dollar transport market alongside Amazon (AMZN), Alphabet (GOOG), and Apple (AAPL), though its market cap is only a fraction of theirs, Jonas tells investors. The analyst, who added that the firm is getting a "surprisingly high level of pushback" on its prior work on Google's self-driving Waymo unit - with some saying they undervalued Waymo and others saying they undervalued Tesla's shared/autonomous mobility efforts - keeps an Equal Weight rating and $305 price target on Tesla shares.

TODAY'S FREE FLY STORIES

CO

China Cord Blood

$12.49

0.18 (1.46%)

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TIF

Tiffany

$88.72

0.22 (0.25%)

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TIF

Tiffany

$88.72

0.22 (0.25%)

06:43
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Tiffany sees FY17 CapEx $250M »

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TIF

Tiffany

$88.72

0.22 (0.25%)

06:42
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Earnings
Tiffany sees FY17 EPS growth of high single digits, consensus $3.95 »

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TIF

Tiffany

$88.72

0.22 (0.25%)

06:40
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Earnings
Tiffany reports Q2 adjusted EPS 92c, consensus 86c »

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HMLP

Hoegh LNG

$18.60

0.25 (1.36%)

06:38
08/24/17
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Earnings
Hoegh LNG reports Q2 EPS 28c, consensus 40c »

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WDC

Western Digital

$88.31

1.66 (1.92%)

, TOSYY

Toshiba, also use TOSBF

$17.28

0.49 (2.92%)

06:38
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Periodicals
Western Digital consortium to offer $17.4B for Toshiba chip unit, Reuters says »

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WDC

Western Digital

$88.31

1.66 (1.92%)

TOSYY

Toshiba, also use TOSBF

$17.28

0.49 (2.92%)

TOSBF

Toshiba, also use TOSYY

$2.88

0.064 (2.27%)

KKR

KKR

$18.57

-0.07 (-0.38%)

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EXC

Exelon

$38.32

0.09 (0.24%)

06:36
08/24/17
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06:36
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06:36
Conference/Events
Exelon management to meet with Jefferies »

Meeting to be held in…

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06:35
08/24/17
08/24
06:35
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06:35
General news
FX Action: USD-JPY has settled in the lower 109.0s »

FX Action: USD-JPY has…

DXLG

Destination XL

06:34
08/24/17
08/24
06:34
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06:34
Conference/Events
Destination XL management to meet with Sidoti »

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BDC

Belden

$73.25

0.08 (0.11%)

06:34
08/24/17
08/24
06:34
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06:34
Conference/Events
Belden management to meet with Seaport Global »

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  • 31

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HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

06:33
08/24/17
08/24
06:33
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06:33
Hot Stocks
Hormel Foods acquires Ceratti brand for approximately $104M »

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HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

06:33
08/24/17
08/24
06:33
08/24/17
06:33
Earnings
Hormel cuts FY EPS view to $1.54-$1.58 from low end of $1.65-$1.71 »

Consensus is $1.65.…

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HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

06:32
08/24/17
08/24
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Hot Stocks
Hormel Foods says faced 'record-high' input costs for two primary raw materials »

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AVD

American Vanguard

$20.00

0.15 (0.76%)

06:32
08/24/17
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06:32
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06:32
Conference/Events
American Vanguard management to meet with Oppenheimer »

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  • 31

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HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

06:31
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Earnings
Hormel Foods reports Q3 EPS 34c, consensus 37c »

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  • 24

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WBC

Wabco

$138.46

0.22 (0.16%)

06:31
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Wabco to acquire Sheppard for $145M »

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  • 07

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AIN

Albany International

$51.10

-0.2 (-0.39%)

06:31
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Conference/Events
Albany International management to meet with Sidoti »

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EADSY

Airbus

$20.89

-0.015 (-0.07%)

, DLAKY

Lufthansa

$24.60

-0.04 (-0.16%)

06:31
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Periodicals
European regulator, Airbus issue software fix for A350, Reuters reports »

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EADSY

Airbus

$20.89

-0.015 (-0.07%)

DLAKY

Lufthansa

$24.60

-0.04 (-0.16%)

SINGY

Singapore Airlines

CPCAY

Cathay Pacific

03/08/13
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LTD

L Brands

06:30
08/24/17
08/24
06:30
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Conference/Events
L Brands to host sales conference call »

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  • 31

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General news
FX Action: USD-JPY has settled in the lower 109.0s »

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BRCD

Brocade

$12.25

0.06 (0.49%)

, AVGO

Broadcom

$256.92

1.73 (0.68%)

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China conditionally approves Broadcom's proposed acquisition of Brocade »

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BRCD

Brocade

$12.25

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AVGO

Broadcom

$256.92

1.73 (0.68%)

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  • 24

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FB

Facebook

$168.71

-0.93 (-0.55%)

06:20
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Periodicals
Facebook taps exec Andrew Bosworth to lead hardware efforts, BI reports »

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  • 24

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GOOG

Alphabet

$927.00

2.31 (0.25%)

, GOOGL

Alphabet Class A

$942.58

2.18 (0.23%)

06:20
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Periodicals
Google could unveil new Pixel phones on October 5, Engadget reports »

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GOOG

Alphabet

$927.00

2.31 (0.25%)

GOOGL

Alphabet Class A

$942.58

2.18 (0.23%)

QCOM

Qualcomm

$52.23

-0.12 (-0.23%)

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  • 24

    Aug

NADL

North Atlantic Drilling

$1.19

0.02 (1.71%)

06:17
08/24/17
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Earnings
North Atlantic Drilling reports Q2 EPS ($2.59), consensus ($2.97) »

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  • 24

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