- Morgan Stanley (NYSE:MS) boosts its price target on Tesla (NASDAQ:TSLA) to $317 from $305 on a higher expectation for Model 3 deliveries this year and a raised level of comfort with long-term investments. "Capex spend is certainly eye-watering, but not unequivocally concerning, as we continue to believe Tesla's charging infrastructure is a critical competitive advantage," writes analyst Adam Jonas.
- Baird takes his price target on Tesla to $411 from $368. "In our opinion, TSLA isn’t a good short headed into the Model 3 ramp as we continue to believe upcoming catalysts will drive shares higher," advises analyst Ben Kallo. The EV automaker is a top pick for 2017 at the firm.
- Oppenheimer has its eyes on the "watershed moment" bond offering from Tesla, observing the nearly investment grade pricing despite the financial pressures.
- Sources: Bloomberg and CNBC's Carl Quintanilla.
- Adding it all up has helped Tesla move 1.95% higher on the day to $364.85.
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