- Baird analyst Ben Kallo expects Tesla (TSLA +0.3%) to release Q1 delivery numbers on April 3 after the market closes.
- Kallo says the automaker will be on track to meet first-half delivery guidance of 47K to 50K vehicles if it reports deliveries of over 20K for Q1.
- Shares of Tesla are still rated at Outperform by Baird, even after running up 30% YTD. Looking ahead, Baird remains positive.
- "We expect investors will be more focused on the production ramp of the Model 3, and continue to believe TSLA will make new highs in 2017 with execution towards Model 3 production, the gigafactory ramp, and introduction of the solar roof product," writes Kallo.