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Baird positive on Tesla

Mar. 29, 2017 10:28 AM ETTesla, Inc. (TSLA) StockTSLABy: Clark Schultz, SA News Editor175 Comments
  • 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.

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