Analysis: Tesla at $200 is coming, just not today

Deutsche Bank doesn't think a single car fire wrecks the bull thesis on Tesla Motors (TSLA) even if the story creates some "negative pressure" in the short-term.

The investment firm notes the accident comes after 83M miles of safe Model S driving and didn't occur spontaneously like the incidents with Chevrolet Volts.

More grounded traders are looking at the +50% run shares have been on in the last three months and are willing to let a little steam get blown off.

TSLA -3.3% premarket

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Comments (13)
  • Alex123456789
    , contributor
    Comments (124) | Send Message
    18 april 2013 :


    Tesla is expecting to deliver roughly 20,000 Model S vehicles for the whole of 2013, and as volume rises it is reasonable to assume its stock price will follow suit, but even Deutsche Bank analyst Dan Galves is only giving the company a price target of $35 -- and he was the one who said that “if volume were to reach 40k-45k units, a 10x multiple would imply a share price of $51-$64.”


    3 october 2013 :
    Deutsche Bank analyst Dan Galves reiterated a Buy rating and $200 price target on Tesla Motors (NASDAQ: TSLA) amid news of a Model S fire. The firm said the fire was bound to happen and doesn't change his thesis.


    "Although Tesla has not completed a full analysis of the incident, they do believe that the battery pack was damaged in some way and was the cause of the fire," Galves noted.
    3 Oct 2013, 07:55 AM Reply Like
  • Nitin B. Sharma
    , contributor
    Comments (216) | Send Message
    haha. hilarious. thx for sharing.
    3 Oct 2013, 08:08 AM Reply Like
  • Tales From The Future
    , contributor
    Comments (7513) | Send Message
    Is Dan Galves bi-polar :) ?


    Bearish in spring months and bullish in the fall. Nothing changed on the numbers, TSLA didn't announce new targets...yet he raises the PT 6x.
    3 Oct 2013, 09:55 AM Reply Like
  • Manitobatex
    , contributor
    Comments (1216) | Send Message
    Another chance to buy TSLA at a discount........just treat it as a Fire Sale........$165. would be very nice to see.
    3 Oct 2013, 08:13 AM Reply Like
  • chfp
    , contributor
    Comments (719) | Send Message
    very punny!
    3 Oct 2013, 10:47 AM Reply Like
  • Yesterdays_news
    , contributor
    Comments (2084) | Send Message
    Enjoy your 100k Pinto.
    3 Oct 2013, 12:04 PM Reply Like
  • 123man
    , contributor
    Comments (1612) | Send Message
    I can only assume that you have a pinto for comparison
    4 Oct 2013, 12:07 PM Reply Like
  • Ron Reed
    , contributor
    Comments (346) | Send Message
    His point being that the analysts cannot even figure where this stock is going and simply change tune to what the stock sings. Up or down they follow suit but don't understand it any better than retail investors.
    3 Oct 2013, 08:32 AM Reply Like
  • alext1379
    , contributor
    Comments (811) | Send Message
    Don't anyone worry, big firms are buying up shares today after the weak knee'd and profit takers bail.


    Goldman got their stake in after they tanked the stock, who knows who's collecting today after their rent-an-analyst report was released.


    Is Tesla the new BlackBerry, targeted for execution because there is too much money at stake for it to succeed?
    3 Oct 2013, 08:53 AM Reply Like
  • SharkDude
    , contributor
    Comments (763) | Send Message
    Sell side analysts are useless. Completely useless. Like the federal government if we got rid of them we would never miss them.
    3 Oct 2013, 09:58 AM Reply Like
  • awakeinwa
    , contributor
    Comments (669) | Send Message
    FDA, CDC, NIH, EPA. You may not miss them. But then you were never without them. Like a child, you sound naive.
    3 Oct 2013, 10:44 AM Reply Like
  • HighonStock
    , contributor
    Comments (7) | Send Message
    $TSLA has traded like this before as shown in the ovals. Nothing has changed the news is garbage.
    4 Oct 2013, 03:50 AM Reply Like
  • MaiTesla
    , contributor
    Comments (54) | Send Message
    This happened in August 2013. Look at Dick Van Dykes's Jaguar in flames and ask yourself which car you'd like to be in. He struggled to escape from his Jaguar and was helped by another driver. We are not talking about Dick pulling over and calmly get out of his Jag. Notice in the youtube video that no one was sitting on the road side until Dick was rescued.


    If Dick can afford it he should get a Tesla S.


    11 Oct 2013, 07:56 AM Reply Like
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