| 2018-10-25 08:46:59|
TSLA 08:46 10/25 10/25/18
Tesla results changing company narrative, says Baird
Baird analyst Ben Kallo noted Tesla beat his and consensus estimates across the board, highlighted by strong free cash flow, which should help bolster the balance sheet and mitigate concerns over cash burn. The analyst feels the quarter should change the narrative on the company as it transitions to becoming sustainably profitable. Kallo reiterated his Buy rating and $411 price target on Tesla shares.