San Francisco: Elon Musk’s latest admonition to Tesla employees—produce more, spend less—is no simple belt-tightening before he asks investors for more cash. “That would be amazing!”The chief executive officer’s message shows the urgency of making a good impression on Wall Street, where analysts are split about Tesla’s prospects. Colin Langan of UBS Securities has the lowest 12-month price target, at $160 a share, while Charlie Anderson of Dougherty & Co. has the highest, at $500. “Our $160 price target is based on our discounted cash-flow analysis, which is a fundamental valuation,” Langan said in an e-mail. Doughtery & Co. raised its price target to $500 shortly after the model 3 reservations came in so high above expectations.

Source: Mint September 06, 2016 12:33 UTC