Tesla: Wedbush Securities maintains 'neutral' rating
(CercleFinance.com) - Wedbush Securities maintains its "neutral" rating on the Tesla stock, with a target price of 230 dollars, saying that a "major hurdle" has been cleared after the company announced stronger-than-expected second-quarter delivery figures.
While the news was a "major shot" in the arm for the bulls, Wall Street is now focused on margins and 2019 units, the broker writes in a note.
"We continue to believe the biggest overhang around the story is Tesla's ability to hit its overall unit guidance for 2019 of 360,000 to 400,000 units," it said in the report.
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