Tesla Motors Inc (TSLA) Valuation ‘Justified’, Says Baird

22
Tesla Motors Inc (TSLA) Valuation ‘Justified’, Says Baird
Blomst / Pixabay

Tesla Motors Inc (TSLA) revelation on Friday helped to lower the concern among the investors, and may push the stock going forward, according to Ben Kallo, a senior research analyst at Robert W. Baird. On the day, the EV makers stock closed up 3% at $274.

Many catalysts for Tesla

Talking at a CNBC “Closing Bell,” Kallo said, “I think you bet on Elon Musk,” adding the company’s valuation is “justified.”

On Friday, Tesla announced an upgrade to the Model S line including a new battery, price point and speed options. This, according to Kallo, will ease the concerns over the cars driving range and affordability.

Massif Capital’s Top Short Bets In The Real Asset Space [Exclisuve]

Screenshot 2022 08 10 18.57.51 1Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9%