Tesla surges after bullish analysts say 'buy even with drama' (TSLA)

pulse 16:02 - 10 September 2018

Shares of Tesla jumped as much as 6% on Monday after Baird analysts published a bullish note on the company. Shares were under pressure last week on news of senior personnel changes and after CEO Elon Musk was filmed smoking marijuana during a live interview.

Shares were under pressure last week on news of senior personnel changes and after CEO Elon Musk was filmed smoking marijuana during a live interview.
The analysts said they came away even more positive on Tesla after a visit to its Fremont, California factory.

Shares of Tesla jumped as much as 6% Monday after analysts at Baird published a bullish note on the company.

Tesla shares were under pressure last week, sliding 13% amid some senior personnel changes and a controversial interview. On Thursday, he company said Friday that its chief accountant, Dave Morton, had resigned Tuesday, while Gaby Toledano, its human-resources chief, was extending a leave of absence.

"While negative headlines around management turnover and executive leadership could be an overhang, we are labeling TSLA a 'Fresh Pick' as we believe strong fundamentals should drive shares higher," Ben

Shares of Tesla are down 14% since the start of this year. Musk tweeted on August 7 that he was considering taking Tesla private at $420 per share and had secured the funding, but later reversed course.