Why Tesla Stock Popped 4% on Monday
Tesla (NASDAQ: TSLA) stock revved 4% higher through 12:55 p.m. ET Monday after Barclays Capital's Dan Levy predicted the company will beat expectations on Q3 deliveries this year.
That does sound like good news for investors -- but remember to read the fine print.
In this morning's note, Levy argued that Tesla is likely to report 8% year-over-year growth in deliveries of its electric cars, which is more than other analysts are predicting, reports StreetInsider. Specifically, the Barclays analyst sees Tesla delivering 470,000 automobiles in the quarter, versus consensus projections for 461,000 units. Additionally, Levy predicts that Tesla's profit margins, which have been under pressure, will revive "modestly" in the quarter.
Source Fool.com
Tesla Inc Stock
€369.90
-4.220%
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With a target price of 388 € there is a slightly positive potential of 4.89% for Tesla Inc compared to the current price of 369.9 €.
