Bernstein analyst A.M. Sacconaghi, Jr. notes that Tesla is scheduled to unveil its electric semi-truck on November 16 at a debut event in Hawthorne, California. The analyst believes Tesla will announce a Class 8 semi-truck with 300-450 miles of range, and will target availability in mid-2019. He sees the Tesla Semi's range as a significant constraint, given that long-haul trucks drive up to 500-600 miles per day, and believes the addressable market for the initial truck might less than half of the total semi-truck market. Sacconaghi, Jr. reiterates a Market Perform rating and $265 price target on the shares.

What has Wall Street been buzzing about this week? Here are the top 5 Bu-y calls and the top 5 Sell calls made by Wall Street’s best analysts during the week of April 22-26. Find all top-rated... To see the rest of the story go to thefly.com. See Story Here

Wednesday's total option volume of 42.3 million contracts resulted in net open interest growth of 4.78 million calls and 3.88 million puts. Tesla (TSLA), Meta Platforms (Facebook) (META), Ford (F) and NVIDIA (NVDA) saw the greatest growth. Top five new positions opened include 42k Tesla (TSLA) Aug-24 185 calls, 35k Taiwan Semi (TSM) Aug-24 110 calls, 30k Capri Holdings (CPRI) May-24 35 calls, 29k Ford (F) 4/26 weekly 13.5 calls and 26k Tesla (TSLA) 5/3 weekly 75 puts.

Deutsche Bank analyst Emmanuel Rosner raised the firm's price target on Tesla to $136 from $123 and keeps a Hold rating on the shares post the Q1 report. The analyst says the company's "pragmatic approach to cheaper vehicles raises more questions."