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Robert W. Baird raises its price target on Tesla Motors (TSLA) to $118 after missing a turn on...

Robert W. Baird raises its price target on Tesla Motors (TSLA) to $118 after missing a turn on the automaker's road to triple digits. The color from the investment firm focuses on the long-term potential for the Model X and Generation III, indicating that the PT only factors in moderate share price appreciation over the next few years. TSLA +3.3% premarket to $97.20.
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Comments (36)
  • RUCE88
    , contributor
    Comments (51) | Send Message
     
    Barron's calling the Model S a (battery) lemon is showing incredible bias. They probably never drove a Tesla. I own a Camry hybrid and know how different, and relaxing driving in electric mode is. I can only dream how it would be to drive an all-electric Model S.
    12 Jun 2013, 09:05 AM Reply Like
  • broncubnug
    , contributor
    Comments (67) | Send Message
     
    I'm sure the Tesla is an incredible experience but how many wealthy people out there are (1) there ?? (2) willing to give up convenience (gassing up real quick) versus plugging in for hours. If ever there was a cult following Tesla is it
    12 Jun 2013, 09:21 AM Reply Like
  • 123man
    , contributor
    Comments (1125) | Send Message
     
    A whole bunch of us! - love the convenience - pull in the garage, plug it in (my little but mighty 5'-2" wife does it effortlessly) - tomorrow another beautiful day with full range - did I mention I can sit in my Model S in the garage with the AC running, listening to tunes, learning the intricacies of the car (there aren't that many) and not have to worry about carbon monoxide poisoning - try that in any ICE car -
    12 Jun 2013, 09:27 AM Reply Like
  • dennisg13
    , contributor
    Comments (129) | Send Message
     
    Wealthy? Try reading the stories of many people buying this car. Many here on SA. Don't have to be wealthy.
    Plugging in my car every night, oh yeah, that's inconvenient!
    12 Jun 2013, 09:31 AM Reply Like
  • David G.
    , contributor
    Comments (150) | Send Message
     
    I'm glad you asked how many wealthy people are out there:

     

    http://bit.ly/18qu244

     

    4.7 million purchases of luxury cars a year in just those 5 countries shown in 2012.

     

    But it doesn't show Norway, one of the richest countries per capita in the world which charges a 100% tax (no lie) on the price of a gas/diesel car, but zero tax on an EV. So if you had the choice of a VW Golf for $70K or a Tesla S for $70K, which one would YOU choose.

     

    I might add their petrol costs around $10/gallon, and their electricity is almost all cheap as heck hydroelectric.

     

    I live in the Northwest powered by Hydroelectric....our electricity is .02-.03 per KwH. Why? It's from water turning a turbine. So cheap it hurts the rest of the nation.

     

    A no brainer.
    12 Jun 2013, 09:49 AM Reply Like
  • weaponzero
    , contributor
    Comments (502) | Send Message
     
    broncubnug, there are plenty of wealthy people who not only will buy 1 but 2 cars. They will even buy a whole new car when there has been a minor update that they like.

     

    Then there is the Gen III which is for average people.

     

    And convenience of gassing up? Since when was going out of your way to a gas station a convenience? A Tesla Model S is more then enough range for most people, for long distance, you just take a plane ride.
    12 Jun 2013, 10:10 AM Reply Like
  • Cassina Tarsia
    , contributor
    Comments (646) | Send Message
     
    broncubnug ... talking about convenience ... what about just leaving your home every day with a full charge without having to gas up (and without having to spend the time to go to one of your "fast" gas stations)! Now, that's convenience! You can't beat the beauty of the Model S now ... except, maybe with the upcoming Model X. Keep feeding your tank with that "inexhaustible" supply of gasoline and see how cheap it is when the price goes over $5 a gallon ... in three or four years you may want one of those Gen III electric cars from Tesla.
    12 Jun 2013, 11:32 AM Reply Like
  • joenjensen
    , contributor
    Comments (708) | Send Message
     
    I love it, attention to all Shorters........eat your shorts, the stock is up $5.10 at 11:30 am today.

     

    What shorters should do is to buy the stock and stop trying to make money without putting theirs at risk.

     

    There is a certain satisfaction when you invest in a stock you believe in, then it pays you for your loyalty, but you have to believe in it, and invest in it.
    12 Jun 2013, 11:38 AM Reply Like
  • Jack Rice
    , contributor
    Comments (888) | Send Message
     
    Answer: those who can afford an MB S-class, BMW 7 series, Lexus LS, Jag, Maserati, etc. etc. It's called the luxury sedan market, which is where the S is competing. Elon has explained the business model -- expensive models first -- over and over.

     

    So, there's an option to buy a luxury ICE car or a luxury EV. For tens of thousands it's a no-brainer.

     

    As for charging, what about it? Notice that the build-out of the Supercharger infrastructure is timed to coincide with the introduction of the "affordable" model. I think TSLA know what they are doing, they have proven they can execute, and as they continue to do so, their stock will soar.

     

    By the way, notice the dealerships banding together to bully state legislatures to embargo Tesla. That's fear of a mere "cult"?
    12 Jun 2013, 11:44 AM Reply Like
  • pwwade
    , contributor
    Comments (32) | Send Message
     
    You can also adjust the climate (without depleting the charge).while you eat breakfast before going to work. It will always be the right temperature BEFORE you start driving. That's luxury! (in the winter, I have to drive my ICE car at least 10 minutes before it's warm enough to take off my hat & scarf).
    12 Jun 2013, 12:52 PM Reply Like
  • Agnes59
    , contributor
    Comments (361) | Send Message
     
    Thank you, my thought exactly.
    12 Jun 2013, 01:42 PM Reply Like
  • Agnes59
    , contributor
    Comments (361) | Send Message
     
    Wow! You hit it on the head.
    12 Jun 2013, 01:45 PM Reply Like
  • Raymond Wiacek
    , contributor
    Comments (49) | Send Message
     
    Haha, I laugh at all of this. Where were you guys 3 months ago

     

    Suddenly TSLA triples and everyone thinks its the best thing since sliced bread. Same with NFLX, even AAPL back in the day. Yawn. Seen this before. Next.
    12 Jun 2013, 02:41 PM Reply Like
  • antiguajohn
    , contributor
    Comments (72) | Send Message
     
    I have an EV and an ICE.

     

    I hate the inconvenience of having to drive to a gas station every time I need to fuel up.

     

    With my EV and living on a small Caribbean island, I plug in every night, because I don't need to drive it when I am sleeping and believe it or not. I sleep every night.

     

    Oh! And being a small island, I have never used more than one third of the max range.

     

    I also hate to pay for gasoline at US $5.50 per gallon.

     

    My solar system supplies my house and charges my EV as well.

     

    Get your mind outta the oil age and join us here in the clean future;-)

     

    antiguajohn
    12 Jun 2013, 05:19 PM Reply Like
  • David G.
    , contributor
    Comments (150) | Send Message
     
    A great article addressing Tesla's battery price from Green Car Reports is here:

     

    http://bit.ly/12jtZpP

     

    It basically shows why Barrons is wrong about guesstimating what Tesla pays to build a battery pack at the moment and what the price of it in the future.

     

    If the Barrons editor can't do research as to what it currently costs, why debate him over what the future price may be?

     

    Good job Elon.
    12 Jun 2013, 09:16 AM Reply Like
  • joenjensen
    , contributor
    Comments (708) | Send Message
     
    I believe there are editors that do not want do the research because it could hurt their advertisers, i.e. oil, gas, and diesel fuel, and that is not something they want to do.
    12 Jun 2013, 11:51 AM Reply Like
  • David G.
    , contributor
    Comments (150) | Send Message
     
    Also, for those who wish to stay inspired by Elon Musk/Tesla and what to see how much he can grow just in his current factory where they only utilize 20% of it so far, feel free to watch this National Geographic 45 min video covering Tesla. It's fantastic:

     

    http://bit.ly/13AWkWM
    12 Jun 2013, 09:20 AM Reply Like
  • David G.
    , contributor
    Comments (150) | Send Message
     
    Panasonic just delivered Tesla 100 million batteries:

     

    http://bit.ly/13BPpNj

     

    I'm not sure Barrons fathoms the economies of scale of this order. Read the Green Car Reports article on Tesla too to understand the significance:

     

    http://bit.ly/12jtZpP
    12 Jun 2013, 09:33 AM Reply Like
  • Jack Rice
    , contributor
    Comments (888) | Send Message
     
    To clarify, there are 7000 of those battery cells per Model-S battery pack. If my math is right, 100 million cells would give you over 14,000 Model-S battery packs.
    12 Jun 2013, 01:15 PM Reply Like
  • weaponzero
    , contributor
    Comments (502) | Send Message
     
    Jack, isn't Tesla using the batter packs in their superchargers now too? Also, Space X uses them and Solar city uses them.
    12 Jun 2013, 01:18 PM Reply Like
  • Jack Rice
    , contributor
    Comments (888) | Send Message
     
    Well, I've assumed the superchargers are getting their power off the grid, and I think SpaceX and Solar City take their own deliveries, so I'm assuming all those 100 million cells are going into car battery packs. Maybe somebody can correct me if this is wrong.
    12 Jun 2013, 03:04 PM Reply Like
  • SharkDude
    , contributor
    Comments (639) | Send Message
     
    Funny how sellside analytics are usually about math until a financial firm wants to be a friend of a firm. I am sure the analyst at Baird was getting hammered for having a low target on the street and for not being a better friend of Tesla. They missed out on the financing and a bunch of other things. So put the highest target on the stock and maybe Elon will return their phone call. Their note is full of hope and confidence they may hit very loose targets. Incredible. They will have large capital costs.
    12 Jun 2013, 09:35 AM Reply Like
  • weaponzero
    , contributor
    Comments (502) | Send Message
     
    Barron's article is really just sad. They claimed that Tesla needs to sell 100k cars to justify the over 100 evaluations and then doubted the battery technology will be there for the Gen III. The thing is, even without the Gen III, Tesla can easily sell 100k cars between the Model S, Model X and Roadster 2.

     

    The Gen III is what will get them to 500k cars sold. And Barron's evaluations based on what some guy at GM said out of context is just silly. First of all, GM does not use the same type of batteries Tesla does. And even GM ceo has been promising an affordable 200 mile EV in 4-5 years.
    12 Jun 2013, 10:18 AM Reply Like
  • artsci
    , contributor
    Comments (20) | Send Message
     
    All the Barron's piece accomplished was totally undermining the credibility of Barron's itself.
    12 Jun 2013, 10:59 AM Reply Like
  • David G.
    , contributor
    Comments (150) | Send Message
     
    Well let's not go that far. I don't care if they want to get behind the curve and not buy TSLA stock because they can not figure out battrey math. Why? Because they basically said "buy this car!". And Barrons readers can afford the car.

     

    So it is quite ironic these type of articles are pro-car, anti-stock. Yet it is the sale of the cars which support the stock!
    12 Jun 2013, 11:14 AM Reply Like
  • Agnes59
    , contributor
    Comments (361) | Send Message
     
    I'll say he just made a damn fool of himself. Sure stocks went down for a couple of days, June 20th is just around the corner. Climb aboard while its low. Thanks Barron, at least these shorties will have a chance to buy some. By June 20th I'll be too late.Have a nice day you hear!
    12 Jun 2013, 01:55 PM Reply Like
  • peteh007
    , contributor
    Comments (155) | Send Message
     
    I love the way the car updated itself yesterday.. and now i have a new Supercharger button on the screen.... So so cool!!!

     

    Rock on: The Lean Green Progressive Machine!!
    12 Jun 2013, 11:12 AM Reply Like
  • peteh007
    , contributor
    Comments (155) | Send Message
     
    New Battery Technologies are appearing all over the planet.. tesla can just take it's pick and use it's Key BMS to manage them.. the future is looking VERY good for Tesla. I raise its target to $200.
    12 Jun 2013, 11:32 AM Reply Like
  • Agnes59
    , contributor
    Comments (361) | Send Message
     
    I like that sum...Rock on!
    12 Jun 2013, 01:57 PM Reply Like
  • joenjensen
    , contributor
    Comments (708) | Send Message
     
    I like that New Battery Technologies are popping up everywhere on the planet, simply because these oil companies won't be able to plug that many holes in order to stop this technology, because they will be trying to stop it.
    Right now I think many of them were caught flat footed, and really didn't see this coming, and if they did they probably discounted it as just another company that will fail, well I think Tesla and Elon Musk proved them wrong, he isn't going to fail or stop.
    Just look at Space X, just look at Paypal, Elon Musk doesn't fail, he doesn't have that word in his vocabulary.
    13 Jun 2013, 11:26 AM Reply Like
  • @Zialsol
    , contributor
    Comments (13) | Send Message
     
    A chess game between the combustion engine (100-year old completely outdated technology) and the EV: EV gets to be under $40,000 with >200 mile range and super fast charging (the two latter virtues are already accomplished by Tesla as of right now); Result: check mate. Tesla will accelerate the transition to the EV to occur at an accelerated pace, and in doing so, it is forcing all other car manufacturers to also start making EVs. All these already make EVs: Toyota RAV4 EV (Tesla components), Mercedes Benz EV (Tesla components), Honda Fit EV (they disappeared like hot cakes), Nissan Leaf (strong sales), Ford, and many others...
    12 Jun 2013, 11:44 AM Reply Like
  • Vico Confino
    , contributor
    Comments (212) | Send Message
     
    Vico Confino
    Let's cut to the chase.Please do not read this if you do not own a Tesla sedan.
    I am 80 years young and can't wait to get up in the morning to drive my Tesla S
    If there is a Tesla owner out there who disagrees with my statement, please let me hear from you..
    If you are not a Tesla owner and have read this far, may you live to be 150 and the last comment I make, is received by you.
    Vico Confino
    12 Jun 2013, 12:04 PM Reply Like
  • chfp
    , contributor
    Comments (593) | Send Message
     
    Do my eyes deceive me? An establishment analyst upping the price on Tesla? Maybe they're hoping to over-inflate and cause it to burst ;)
    12 Jun 2013, 12:42 PM Reply Like
  • Jack Rice
    , contributor
    Comments (888) | Send Message
     
    Morgan-Stanley did same -- 103 to 109.
    12 Jun 2013, 01:04 PM Reply Like
  • Agnes59
    , contributor
    Comments (361) | Send Message
     
    No your eyes is not decieving you. The dude finally had an ephipany. Good for him.Nay sayers and shorties not going to like this.
    12 Jun 2013, 02:01 PM Reply Like
  • 123man
    , contributor
    Comments (1125) | Send Message
     
    Vico - agree in spades !!!
    13 Jun 2013, 10:56 AM Reply Like
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