Analyst Updates, First Right-Hand Drive Deliveries, Falcon Heavy (06.22.19)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 22 June 2019
⏱️ 6 minutes
🧾️ Download transcript
Summary
– Price target updates from Jefferies and Baird
– First RHD deliveries in the UK
– Electrek reports on this week’s North American delivery targets
– Falcon Heavy launch planned for Monday, 6/24
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Disclosure: Rob Maurer is long TSLA stock & derivatives
The post Analyst Updates, First Right-Hand Drive Deliveries, Falcon Heavy (06.22.19) appeared first on TechCast Daily.
Transcript
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| 0:00.0 | Hello and welcome to the Saturday June 22nd 2019 edition of Tesla Daily on |
| 0:11.4 | official Tesla Podcast. |
| 0:12.8 | Just a few quick things to cover today, so we'll get right into it. |
| 0:15.4 | Tesla stock on Friday was up 1.02% to $221.86, |
| 0:21.7 | this compared to the Nasdac down 0.24%. We had a couple. $0.85.84. |
| 0:24.4 | We had a couple analyst updates on Friday morning prior to market open, |
| 0:28.4 | one from Jeffries and one from Baird. |
| 0:30.6 | We had actually talked about Baird on Thursday as well, so I'm not sure if this was actually two different sets of notes, but based on the articles I'm reading, it kind of seems that way. |
| 0:38.5 | Either way, Ben Kalo of Baird updated his price target from $340 per share to $355 per share. |
| 0:45.8 | Jeffries on the other hand lowered their price target significantly from $400 per share to |
| 0:50.5 | $300 per share saying quote we got it wrong so far this year but remain |
| 0:54.6 | convinced that there is significant value and quote according to Bloomberg |
| 0:58.9 | quote Jeffries says current negativity around demand and competition is quote unquote excessive given |
| 1:04.8 | Tesla's technology edge and tested path to profitability compared with legacy original equipment |
| 1:10.7 | manufacturer peers. |
| 1:12.1 | End quote. |
| 1:13.0 | Given those notes and a pretty significant price target drop from one of the more |
| 1:16.2 | bullish analysts on Tesla, I think it's pretty impressive that Tesla had such a strong day |
| 1:20.2 | on Friday up 1%, especially with a negative macro environment as well. |
| 1:25.0 | Another quick note from last week, the first right-hand drive model 3s have started being delivered |
| 1:29.6 | in the UK. |
| 1:30.6 | There are a few pictures of the interior online now and it's pretty cool to see just the mirror |
... |
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