Autos

Tesla reports earnings this afternoon. Traders share whether it’s a buy

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Tesla is coming off a wild week.

The automaker is undergoing investigations in the U.S. following a fatal crash in Texas and is under criticism in China after a woman’s protest at a major auto show.

Morgan Stanley is sticking by the stock. Analyst Adam Jonas increased his price target to $900, implying 23% upside. The stock closed Friday at $729.40.

All this came ahead of earnings out Monday afternoon. Analysts expect profit of 75 cents a share in its March-ended quarter, up from 25 cents a year earlier. according to FactSet. Sales are forecast to have grown 75% to $10.48 billion.

Danielle Shay, director of options at Simpler Trading, says recent bad news surrounding the company has kept a…



Source cnbc.com

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