Baird Reiterates Outperform on Tesla, $522 Price Target
Baird analyst Ben Kallo reiterated an Outperform rating and $522.00 price target on Tesla (NASDAQ: TSLA).
“Strong Q2 deliveries and Energy deployments return to y/y growth – reiterate Outperform rating. TSLA reported Q2 deliveries which beat our/consensus estimates by a wide margin and grew ~25% y/y.
Energy deployments of 13.5 GWh increased ~41% y/y and were a positive from the release after a lower than estimated Q1 (acknowledging deployments can be lumpy).
We are updating our model to reflect the Q2 deliveries figure and our positive outlook is unchanged.
TSLA will report full Q2 results after the close on Wednesday, July 22.”
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
