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TSLA

Tesla

$338.62

3.41 (1.02%)

08:16
01/10/19
01/10
08:16
01/10/19
08:16

Morgan Stanley 'unconvinced' on Tesla long-term future in China after Musk trip

Morgan Stanley analyst Adam Jonas said it is notable that Elon Musk, "one of the most well-known U.S. CEOs," physically traveled to China and he thinks Tesla may have some negotiating power to secure more favorable, or at least "less unfavorable," trading parameters for the import and sale of its electric vehicles in China while the Shanghai Gigafactory is being ramped up. Tesla's success in securing improved trade terms with China could be worth "many tens of thousands" in Model 3 volume over the next 12 months and significantly impact its ability to make or beat consensus forecasts, said Jonas, who noted that he remains "unconvinced of Tesla's long-term future in China." Jonas keeps an Equal Weight rating and $291 price target on Tesla shares.

TSLA Tesla
$338.62

3.41 (1.02%)

01/02/19
RBCM
01/02/19
NO CHANGE
Target $290
RBCM
Sector Perform
Tesla price target lowered to $290 from $340 at RBC Capital
RBC Capital analyst Joseph Spak lowered his price target on Tesla shares to $290 from $340 after the company reported Q4 Model 3 deliveries that were about 3% below Factset's consensus forecast. The "bigger negative," however, was Tesla cutting prices on the Model S, X and 3 by $2,000, which Spak said "bears will seize on" as evidence of demand issues and that the company was overly reliant on the $7,500 federal tax credit. He also contends that the company's commentary supports his theory that the bulk of Tesla's "backlog" is for a base $35,000 vehicle that "does not yet exist and Tesla can't yet make profitably." Spak maintains a Sector Perform rating on Tesla shares.
01/02/19
GSCO
01/02/19
NO CHANGE
Target $225
GSCO
Sell
Tesla production below expectations, demand in question, says Goldman Sachs
Goldman Sachs analyst David Tamberrino said Tesla's Q4 delivery numbers "came in okay," but the company's production came in worse than he expected. He also believes demand is in question following the company's price cut and thinks the implied increase in inventory levels for the Model 3 is a concern. The question of demand, as well as the lack of re-affirmation of positive net income and FCF guidance, contributed to the shares' underperformance today, Tamberrino tells investors. He keeps a Sell rating on Tesla shares with a $225 price target.
01/03/19
JPMS
01/03/19
NO CHANGE
Target $220
JPMS
Underweight
JPMorgan cuts Tesla target to $220, keeps Underweight rating on shares
JPMorgan analyst Ryan Brinkman lowered his price target for Tesla to $220 from $225 after the company announced yesterday that Q4 deliveries tracked 90,700 vehicles, softer than his firm's estimate of 93,000. Most closely watched Model 3 deliveries totaled 63,150 in Q4 versus the consensus of 63,698 and JPMorgan's estimate of 65,000, Brinkman tells investors in a research note. Further, the announced vehicle price cuts suggest soft underlying demand, adds the analyst. He cut his Q4 earnings per share estimate for Tesla to 77c from 93c and 2019 estimate to $3.35 from $3.95. With "material downside" to his December 2019 price target of $220, Brinkman keeps an Underweight rating on Tesla.
01/03/19
DBAB
01/03/19
NO CHANGE
Target $375
DBAB
Hold
Tesla selloff yesterday on price cuts is justified, says Deutsche Bank
Yesterday's negative stock reaction to Tesla's U.S. price cuts is justified, as the move should put pressure on consensus 2019 earnings and free cash flow estimates, and raises "real questions" about the elasticity of demand for the company's vehicles, Deutsche Bank analyst Emmanuel Rosner tells investors in a research note. The analyst, however, believes Tesla's near-term news flow could be more supportive, as he expects "robust" Q4 earnings and does not see the need for a capital raise. Further, he points out that the current stock price leaves some larger upside potential to his $375 price target. Rosner, nonetheless, keeps a Hold rating on Tesla shares.

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AINV

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ICE

IntercontinentalExchange

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2.25 (1.24%)

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AUPH

Aurinia Pharmaceuticals

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0.11 (1.48%)

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AMZN

Amazon.com

$1,696.01

4.01 (0.24%)

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CRSP

Crispr Therapeutics

$37.21

1.22 (3.39%)

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Crispr Therapeutics signs collaboration agreement with ProBioGen »

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STZ

Constellation Brands

$164.13

3.78 (2.36%)

07:13
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  • 18

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HBM

Hudbay Minerals

$5.65

0.03 (0.53%)

07:12
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  • 28

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CRSP

Crispr Therapeutics

$37.21

1.22 (3.39%)

07:12
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BTE

Baytex Energy

$1.92

-0.05 (-2.54%)

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  • 10

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FB

Facebook

$150.01

1.77 (1.19%)

07:11
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VC says Facebook the most 'vulnerable' big tech firm, CNBC reports »

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PEBO

Peoples Bancorp

$31.57

-0.11 (-0.35%)

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Peoples Bancorp reports Q4 net interest margin 3.77% vs. 3.68% sequentially »

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  • 22

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AXGN

AxoGen

$16.00

0.64 (4.17%)

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PEBO

Peoples Bancorp

$31.57

-0.11 (-0.35%)

07:10
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Earnings
Peoples Bancorp reports Q4 EPS 71c, consensus 67c »

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CTSO

CytoSorbents

$7.66

0.04 (0.52%)

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WB

Weibo

$60.80

2.57 (4.41%)

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DRNA

Dicerna

$10.76

-0.395 (-3.54%)

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TRV

Travelers

$123.97

1.03 (0.84%)

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  • 22

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VYGR

Voyager Therapeutics

$8.27

-0.22 (-2.59%)

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Roche

$0.00

(0.00%)

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VYGR

Voyager Therapeutics

$8.27

-0.22 (-2.59%)

RHHBY

Roche

$0.00

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CAPR

Capricor Therapeutics

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AUPH

Aurinia Pharmaceuticals

$7.54

0.11 (1.48%)

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  • 22

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REXR

Rexford Industrial

$32.00

0.225 (0.71%)

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MDT

Medtronic

$87.31

-0.29 (-0.33%)

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BG

Bunge

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0.745 (1.43%)

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Bunge says Lupo, Bachrach, Boilini won't stand for re-election to board »

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