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Tesla upgrades its FY17 delivery outlook; Baird analyst advises 'aggressive' buying [MarketWatch]

TESLA INC (TSLA)  More Company Research Source: MarketWatch
Last tesla inc earnings: 2/7 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
PDF Tesla upgrades its FY17 delivery outlook; Baird analyst advises 'aggressive' buying Tesla, Inc. TSLA, -2.59% on Monday said it delivered 26,150 vehicles in the third quarter and raised its full-year outlook to 100,000 vehicles. That would represent a 31% yearly increase for deliveries and would mitigate lingering uncertainty about the company's ability to overcome production glitches. "Production should continue to ramp and we believe Model S and X demand remains strong," wrote Ben Kallo, a senior research analyst at Baird in a Tuesday note. "We would be aggressive buyers on any weakness." Kallo noted strong demand for Tesla's products, upcoming new product launches including a Semi Truck, and announcements about new technologies such as Tesla Energy. Shares in the company have gained 60% in the year-to-date, compared to a 13% gain for the S&P 500 SPX, +0.01% [Read more]

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