Tesla Motors still the talk of the town


The long-term prognosis for Tesla Motors (TSLA) wasn't cleared up after the automaker reported Q3 numbers and gave its limited outlook for 2014 and beyond.

Elon Musk says in today's world lithium-ion battery production can't keep up with demand for Tesla vehicles as it enters the mass market. A "giga factory" to solve the riddle is still on the drawing board.

Goldman Sachs already had the brakes on TSLA with a Neutral rating and notes the "lack of visibility" on deliveries keeps the risk/reward profile troubling.

Shares of Tesla have lopped off 11.4% in premarket action to put them at $156.75 or roughly where they traded just a few sessions ago.

Earnings call wrapup: "Production constrained" a common theme, transcript.

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Comments (5)
  • stockahead
    , contributor
    Comments (148) | Send Message
     
    Oh, yeah, Goldman Sachs....so desperate without you.
    6 Nov 2013, 08:13 AM Reply Like
  • Esekla
    , contributor
    Comments (4464) | Send Message
     
    Here's a good summary from Jefferies, lowering their price target to $210: http://bit.ly/1iMtWpL

     

    Here's what to look for once we get into regular trading: http://seekingalpha.co...
    6 Nov 2013, 08:13 AM Reply Like
  • stockahead
    , contributor
    Comments (148) | Send Message
     
    Jeffries didn't lower the PT. "reiterated a Buy rating and $210 price target". They just slighlty amended their 2013, Q4 and 2014 estimates. It's ok.
    6 Nov 2013, 09:12 AM Reply Like
  • Esekla
    , contributor
    Comments (4464) | Send Message
     
    Correct, sorry about that, and yes, the note is generally quite positive.
    6 Nov 2013, 09:24 AM Reply Like
  • th3decider
    , contributor
    Comments (481) | Send Message
     
    I look forward to the giga-factory...
    6 Nov 2013, 09:36 AM Reply Like
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