- Stifel Nicolaus upgrades Tesla Motors (NASDAQ:TSLA) to a Buy rating and gives the EV automaker a $400 price target.
- The investment firm walked away impressed from a factory tour and sees a run rate of 1,000 units per week by the end of the year as achievable.
- The estimate for Tesla's 2017 EPS is lifted to $8.28 vs. $6.14 prior.
- Stifel on momentum: "TSLA sentiment is like a freight train, in our view, benefiting from a well manicured growth story that has caught the eye of a much broader investor base relative to most auto stocks."
- TSLA +2.8% premarket to $277.26.