bdy0627
Active Member
Also from the article:Benzinga - 13 minutes ago: Tesla (NASDAQ:TSLA)'s New Compensation Pushes Elon Musk To Focus On Profitability, Baird Says
Baird views the compensation plan favorably, considering both the payroll and profitability implications of the terms.
“This is one of the first times TSLA has provided long-term profitability targets, and we think shares would appreciate significantly if TSLA were to achieve its adjusted EBITDA milestones, although not necessarily to a $650 billion market cap," Kallo said.
So not only will Tesla retain its critical leader, but it will also increase shareholder value as it inches toward profitability, according to Baird.
The Rating
Baird Equity Research analysts Ben Kallo reiterated an Outperform rating on Tesla with a $411 price target.