Entering text into the input field will update the search result below

Tesla gets Sell rating at UBS on SolarCity deal, other challenges ahead

Nov. 18, 2016 5:27 PM ETTesla, Inc. (TSLA) StockTSLA, RUNBy: Carl Surran, SA News Editor241 Comments
  • Tesla (NASDAQ:TSLA) is reiterated with a Sell rating and a $160 price target at UBS, which sees challenges in integrating SolarCity (SCTY), ramping up auto production and developing the upcoming Model 3.
  • UBS considers the SCTY deal an "an unneeded distraction at a time when Tesla has many challenging targets ahead," including plans to start delivering the Model 3 within a year or so and to hike auto production to 500K deliveries per year, as it works to complete the construction of a massive battery plant in Nevada.
  • As a side note, the firm thinks competition from TSLA bodes poorly for Sunrun (NASDAQ:RUN).
  • Baird analysts are more optimistic, seeing potential long-term benefits as TSLA has identified growth opportunities (solar roof/complete energy systems) and SCTY is shifting toward cash sales and to become less reliant on capital markets; the firm rates TSLA at Outperform.

Recommended For You

About TSLA Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
TSLA--
Tesla, Inc.