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Tesla Motors (
in premarket trading to reach $93.10 as its dizzying post-earnings victory lap continues. Morgan Stanley is out with what is largely a
before crunching the numbers for the "extreme" bull case. The firm says if Tesla achieves a 20% operating margin on 200K units per year, then a $300-plus price target could be justified.
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Paulo, Musk said the reason Tesla stopped disclosing reservation data is that the wait times for the Model S are short enough now that customers can option their car right away. No need for a reservation data. Also, Musk said that as the wait times for a Model S fall, he expects orders to actually increase. People are more willing to order a car they can get in 1-3 months, rather than a car they have to wait a year. Both these statements from Musk are the opposite of what you are theorizing.
May 14, 2013. 05:38 PM
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