Deutsche Bank says Tesla Motors (TSLA) has "only just begun" as it upgrades the automaker to a...

|About: Tesla Motors (TSLA)|By:, SA News Editor

Deutsche Bank says Tesla Motors (TSLA) has "only just begun" as it upgrades the automaker to a Buy rating and assigns shares a $160 price target. The firm thinks sustained demand for the Model S and its future pipeline along with the company's competitive advantage over other EV sellers will help it achieve lush 20% margins. Working with assumptions for 200K unit production by the end of the decade and up to $3.4B of EBITDA, Deutsche discounts back to arrive at the $160 PT on a 12-month valuation. TSLA +5.6% premarket to $131.04.