1. Wedbush: Tesla has "executed flawlessly this quarter""While Street numbers are all over the map and looking for red ink this quarter, we are modeling profitability with the 90k delivery number and continued GM efficiency/cost cutting getting Musk & Co. away from the red ink," wrote Daniel Ives of Wedbush in a Monday note.
2. JMP Securities: "Any intermediate-term success that TSLA might discuss during its earnings call tomorrow is now fairly reflected in the stock price""We believe that any intermediate-term success that TSLA might discuss during its earnings call tomorrow is now fairly reflected in the stock price," Joe Osha of JMP Securities wrote in a Tuesday note downgrading Tesla to market perform.
Still, he added "The stock has now gotten to our target level, however, and we think that investors face challenges in earning additional returns from here."Price target:Deutsche Bank raised its Tesla price target to $1,000 following the company's better-than-expected second quarter delivery numbers.
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