Musk predicts “The most amazing quarter in our History”
Tesla is jumping 6% on Midday Trading Monday, after CEO Elon Musk’s sunny outlook for the third quarter.
Musk states that the Company will have “the most amazing quarter in our history, building and delivering more than twice as many cars as we did last quarter.”
Here are your analyst opinions:
Robert W. Baird’s Ben Kallo reiterated an Outperform rating and $411 price target on the shares.
Bernstein’s A.M. (Toni) Sacconaghi reiterates a Market Perform rating and $325 price target on the shares.
Needham’s Rajvindra Gill reiterated an Underperform rating on the shares, he is concerned about the 30% underperform last month.
It certainly has been a bizarre six weeks.
Extreme bulls are convinced Tesla is a 10-bagger or more, while bears are waiting for a bankruptcy filing any day.
What do you think?