Tesla runs higher after deliveries update

|By:, SA News Editor

Shares of Tesla Motors (NASDAQ:TSLA) could threaten to eclipse their 52-week high today after the company reported just over 25K deliveries in Q1.

On Wall Street, Guggenheim is in early with a price target boost on Tesla to $320, while Baird's Ben Kallo says "25,000 units is the best we could have thought, and people are looking at Model 3 for growth."

The company hasn't issued a full-year production estimate yet. Down the road, Tesla aims for 500K units produced in 2018.

TSLA +2.92% premarket to $286.43 vs. a 52-week high of $287.39.