Baird analyst Ben Kallo reiterated an Outperform rating and $275 price target on Tesla Motors (NASDAQ:
TSLA)
after recent travel with management.
Kallo commented, "TSLA continues to see
strong demand in North America and Europe, and is heavily investing in production equipment which should facilitate a large production ramp by year-end. Additionally, the
Model X remains on track for a Q3 debut, and the gigafactory is ahead of schedule. TSLA is our top pick for the remainder of 2015, and we would be aggressive buyers of the stock at current levels."
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Shares of Tesla Motors closed at $200.71 yesterday.