Fly On the Wall
November 27, 2013
10:37 EDT TSLA Tesla shares have reached attractive entry point, Deutsche says
Tesla's (TSLA) stock has reached a favorable entry point, Deutsche Bank wrote in a note to investors earlier today. WHAT'S NEW: At current levels Tesla's stock is not pricing in sales from the company's mass market vehicles, Deutsche Bank contended. Expected to be launched in 2017, these vehicles could cause the auto maker's sales volume to at least triple, the firm contended. Tesla also has a number of other upcoming potential positive catalysts, according to Deutsche Bank. These include a favorable resolution of the probe by the U.S. government into fires involving a number of Tesla vehicles, strong orders from China, and further increases in the company's profit margins, the firm contended. Deutsche Bank expects the results of thefederal probe to be favorable to Tesla, and it kept a $200 price target and Buy rating on the shares. PRICE ACTION: In mid-morning trading, Tesla was unchanged at $120.50.