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Analyst Gives Tesla an OutPerform Rating Heading into Earnings

All eyes will be on Tesla when the automaker reports quarterly results after the close on Wednesday. The stock hit a new closing high of $203.70 on Tuesday on reports of a meeting between Tesla CEO Elon Musk and a banker from Apple's mergers and acquisitions team last year... and one analyst thinks it's going even higher. Wedbush analyst Craig Irwin has an OutPerform rating on TSLA with a $205 price target. He says the most important items to listen to in Tesla's earnings call will be the company's plans for a new battery factory, orders in China and possible plans for expansion of Model S capacity.