Following press conference by the electric carmaker's CEO Elon Musk on software updates, it's inevitable not to wonder about the fate of Tesla shares in the coming months.
Barclays analyst Brian Johnson included in the research note he wrote that other carmakers are in for a lot of work to be able to come up with these types of improvements for their vehicles. He commented, "Johnson says it's proof that "semi-autonomous driving is closer than we think."
Senior R.W. Baird senior analyst Ben Kallo, has a take about the company of his own. He gave the stock an "outperform rating", at a price of $275, making the automaker his top pick. . With all the upcoming software updates to expect in the coming months, this will raise the car's value, the analyst told CNBC.
He also mentioned how Tesla has been increasing its production as well see improvements in China on top of its bid ot deliver its Model X as scheduled.
Meanwhile, according to an article by Benzinga, Jim Cramer has a list of "cult stocks", with Tesla being the ultimate one. For Cramer, who has had negative comments about the car giant, he said that regardless of its earnings, people will still buy shares because of what they hear from press conferences.
TheStreet Ratings Team, on the other hand, gave Tesla a "D" rating. Based on their analysis, investors should sell their shares, given the negative performance the company has been showing.
This includes poor return on equity, low profit margin and low sales, among others.
Last week was a significant one for the electric car company. Apart from the noise it has made from its software updates, New Jersey Governor Chris Christie (R) signed a bill reversing the ban of direct sales of Tesla cars in the state.
On Friday, the stocks made a slight rebound of 0.84 percent, making the price at $197.30 and following the announcement on the software updates.