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TESLA IS GOING UP: Here's what 10 analysts are saying Tesla's outlook and surging stock

TESLA IS GOING UP: Here's what 10 analysts are saying Tesla's outlook and surging stock
Stock Market1 min read

Elon Musk Tesla

REUTERS/Rashid Umar Abbasi

Tesla founder and CEO Elon Musk

Tesla shares are surging following the company's Q3 earnings announcement on Tuesday afternoon.

The auto company reported a net loss that was a bit wider than expected, while revenue was right in line.

At $225 per share, the stock is up around 8% since Tuesday's close.

Tesla is moving a healthy amount of cars. Vehicle deliveries came in at 11,603 in the third quarter, and the company expects it will deliver between 17,000 and 19,000 vehicles in the fourth quarter. Management now expects full-year vehicle deliveries will total between 50,000 and 52,000, which compares to previous guidance calling for between 50,000 and 55,000.

Notably, the company also had some good things to say about China. Model S orders "increased substantially" from the previous quarter.

Some Wall Street analysts covering Tesla are loving the news, while others remain cautious. Out of the 10 research notes read by Business Insider, 5 were bullish and 5 were relatively neutral.

But all of the price targets range from $230 to $450, which means everyone agrees that the stock price is going up.

Here's some of what the pros are saying.

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