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Fly News Breaks for March 20, 2017
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
Oct 17, 2017 | 06:20 EDT
After meeting with an electric vehicle trade group in Beijing, Piper Jaffray analyst Alexander Potter says Tesla "has little to fear" from Chinese brands, at least based on the current competitive landscape. Further, China's 2019/2020 electrical vehicle volume quotas will probably be unattainable, which will likely force underperforming manufacturers to buy credits from high-volume sellers like Tesla, assuming it builds a local factory, Potter tells investors in a research note. The analyst thinks nobody in China can compete with Tesla based on branding and performance. He keeps an Overweight rating on the shares with a $386 price target. Tesla closed yesterday down $4.97 to $350.60.
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