Baird: musk may integrate its companies and raise Tesla's target price to $728
Baird analyst Ben KALLO raised Tesla's target price to $728 from $488 and reiterated his "outperform" rating. In a research report, KALLO pointed out that Tesla is entering the next stage of its development with the ground breaking of its factories in Berlin and Austin, the official launch of its business in Shanghai and the fulfillment of its commitment to sell 500000 cars by 2020. Analysts speculate that musk may be interested in proposing to integrate his business interests into a superstructure. KALLO believes that in the short term, the risk preference of the stock still tends to go up.
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