Tesla: Wedbush Securities keeps 'outperform' rating

(CercleFinance.com) - Wedbush Securities maintains its "outperform" rating on the Telsa stock, along with a target price of 390 dollars, saying that the investment case for the electric carmaker is shifting from a "production" to "demand" story.


According to the US broker, the big question for investors will be the demand trajectory for the Model 3 throughout Europe and how quickly the company can reach the 100,000 units delivery threshold over the next 12 months in this "key" region.

In its note, Wedbush points out that China can also be a demand driver/potential wild card.

While conceding there have been some delivery speed bumps in the European delivery process, the broker says the timing seems to be "on track" almost midway through the forst quarter.

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