Joseph Osha Covers TSLA Earnings

Joseph Osha of JMP Securities says they have lowered their rating on Tesla from Outperform to Market Perform. He says gross margins undershot their expectations. They raise their 2021 unit delivery estimates to 952K units. They cannot justify higher target multiples than 7X revenue and 35X EBITDA.

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28 Jan 2021

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Joseph Osha Covers TSLA Earnings

Joseph Osha of JMP Securities says they have lowered their rating on Tesla from Outperform to Market Perform. He says gross margins undershot their expectations. They raise their 2021 unit delivery estimates to 952K units. They cannot justify higher target multiples than 7X revenue and 35X EBITDA.

Morning Trade Live

28 Jan 2021

ON AIR
7:00 am
Futures

Get Market Minute

Daily insights for every investor

FOLLOW US