Macquarie expects Tesla shares could rise by more than 70%


Experts at Macquarie Research predict Tesla shares will grow by more than 70%. Macquarie assigned a “better than market” rating to the American automaker, noting that investors should regard Tesla as a technology company, not as a car manufacturer. Macquarie analyst Maynard Um believes that the company will be able to achieve profitability in the second half of 2018 by achieving production goals. According to him, Tesla can take advantage of numerous sources of cash flow to overcome the recession. According to Macquarie, the company will receive in the second half of the year from $500 million to $600 million from clean energy government loans. The growth in cash flow will also contribute to an increase in sales of Model 3. In addition, the company has access to 1 billion 200 million dollars on unused debt.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong