Homepage / Technology / Wall Street stunned over Tesla’s 7% stock surge, still skeptical on Model 3 ramp
Jogue Por Dinheiro Actual Em Cassino Onlin Bonver Casino Cz Hrací Automaty S Bonusem Zdarm Magazyn Żużel Speedway W Polsce I Na Świeci Zakłady Sportowe Online Autógrafo Bukmacherska 1xbe “Pin-up O Melhor Cassino Do Brasil Web Site Oficial ᐈ Jogar Caça-níquei Zakłady Sportowe Online Obstawiaj U Bukmachera Gg Be What Industries Use Virtual Data Room? Advantages of a Data Room What Does a Board Room Provider Do? Data Room Analysis for Venture Capital Funding The Importance of Board Reporting Software Safe Uploading and Downloading Business Files How to Select the Best Board Management Software How to Organize the Work of a Company “gerçek Parayla En Iyi Slot Makineleri Ve Spor Bahisler Which is the Best Podcast For Stock Market Beginners? Virtual Data Room Facts How to Protect Confidential Documents for Boards Advantages of Online Meetings Business Issues to Consider When Choosing a Data Room Provider What Is a Data Room? Virtual Board Room Software Due Diligence Risk Factors How to Choose a Reliable Tool for Data Exchange test Users535352253 Board Software and VDR Programs Business Operations Management Software Keep Data Safe and Protect Your Business Data How to Conduct a Board Self-Assessment Uncomplicated Ways to Simplify Daily Business Transactions Due Diligence Blog Digital Data Rooms for the Netherlands The New Era of Business Software and Reporting What Types of Businesses Use VDR Software? Ma Analysis Mistakes The Corporate Governance Role Board Room Apps Secure Board Management With Secure Board Portals What Happens at Board of Directors Meetings? Board Room Software Review How to Prepare Board Rooms for Effective Board Meetings Board Room Software Boosts Performance and Communication Selecting a Secure Data Room Review Local Data Room Service Review How to Find the Best Virtual Data Room Review What to Look for in a Data Room uk Provider Document Storage and Distribution Software Everything About VDRs Corporate Software Advantages How to Choose a Virtual Data Room Provider The Most Secure Way to Transfer Files How to Manage Online Board Meetings Benefits Virtual Data Room Solutions – Must-Haves for M&A and Due Diligence Best Data Room Functions for the Different Types of Industries How to Choose a VDR Software Provider How to Choose an Online Board Portal The Benefits of a Boardroom Review Board Room Online Solutions – How to Get the Most Out of Your Board Meetings Why You Need a Board Room How a Board Room Blog Can Transform Your Business Choosing the Best Board Room Format How to Have Productive and Engaging Board Directors Meetings Choosing the Right Virtual Data Room How to Keep Safe Documents Storage Teaching Kids About Online Safety Avoid Costly Mistakes With Free Data Room Services Corporate Virtual Data Unlimited Data Room Software For Due Diligence Leading Business Software Features to Look For Secure Online Data Rooms Solutions How to Keep Share, Edit and Delete Your Data Safe Virtual Data Room Software Secrets for M&A Due Diligence What to Look For in Boardroom Providers Board of Directors Blog Posts How to Deliver Value at Your Board Meetings How to Have Effective Board Meetings Responsibilities of Board Members Deal Management – How to Effectively Manage a Complex Sales Pipeline Data Rooms For Mergers And Acquisitions How to Have a Successful Board Room Meeting Choosing a Board Room Service Provider What is a Board Room Service? Board Room Software Review – Choosing the Best Portal for Mother Board Meetings Why a Board Room Providers Review Is Important What Is a Board Room Review? Venture Software for VC Firms What Is an Assessment Report? The Importance of a Tech Audit Popular Business Applications What to Look For in a Data Room App What Are Business Applications? How to Choose a Virtual Data Room How to Plan a Data Room Review Coronavirus Guide What is a Virtual Data Room? What Is Data Science? What Is an Operating System? Turbotax Small Business Review How Online VDRs Are Used in M&A Deals

Technology

Wall Street stunned over Tesla’s 7% stock surge, still skeptical on Model 3 ramp

Wall Street still doesn’t understand Tesla.

Several top firms are telling their clients they are skeptical on company’s Model 3 production ramp and future capital needs even as the shares continue to surge higher.

Tesla shares rallied 7 percent in Thursday’s premarket session after the electric car maker posted a narrower-than-expected second-quarter loss Wednesday.

“We were surprised by the after hours move in TSLA shares and continue to be cautious on the stock, especially as the risk profile shifts from the hype of the Model 3 to execution, or ‘production hell’ as Elon Musk refers to it,” Cowen analyst Jeffrey Osborne wrote Thursday in a note to clients. “We believe Tesla shares are an overvalued show me story.”

Osborne reaffirmed his underperform rating and raised his price target for Tesla to $170 from $155, representing 48 percent decline from Wednesday’s close.

Analysts emphasized Tesla’s future capital needs as the company scales up its production of the Model 3. Management forecast it will be able to produce 10,000 vehicles per week sometime next year.

“As Tesla’s Model 3 ramp proceeds, we continue to have more questions than answers about the company and the vagueness of details coupled with lack of disclosure from management about true capital needs and expense levels need to obtain their ultimate vision,” Osborne added.

Goldman Sachs agreed Telsa will need to raise new funds sooner than expected.

“We now see TSLA needing to raise capital in 1Q18E (vs. 2Q18E previously) and continue to see downside risk to Model 3 production,” Goldman analyst David Tamberrino wrote Thursday.

Tamberrino maintained his sell rating and increased his six-month price target to $200 from $180 on Tesla shares.

Morgan Stanley was also stunned how much Tesla is forecasting to spend in the second-half of this year.

“Early Model 3 launch milestones look strong, but the $2bn of 2H capex will make your eyes water. Time will tell if they are tears of joy … 2H capex guide of $2bn is really big. 2x our forecast,” Morgan Stanley analyst Adam Jonas wrote Wednesday.

Jonas reiterated his equal-weight rating and his $305 price target for the stock.

Tesla CEO Elon Musk said on the earnings conference call with analysts the company is not “considering an equity raise” at this point, but may do a debt offering, according to a FactSet transcript.

The company has been one of the best-performing stocks in the market this year. Its shares rallied 52.5 percent year to date through Wednesday versus the S&P 500’s 10.7 percent return.

Tesla did not immediately respond to a request for comment.

— CNBC’s Michael Bloom contributed to this story.

Source: Tech CNBC
Wall Street stunned over Tesla’s 7% stock surge, still skeptical on Model 3 ramp

Comments are closed.