TSLA) Chief Executive Elon Musk Confident in Doubling — Tesla (NASDAQ

After spending two days with Tesla VP of Global Investor Relations Jeff Evanson, Jefferies analyst Dan Dolev reiterates a Buy rating on the stock with a $360 price target.

Tesla first unveiled the Model X prototype back in 2012 and the vehicle has been in production since. However, greater insourcing is expected to lower this risk in the long-term. Straubel sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. Tesla noted that there may be a change of under 1% to the company’s actual numbers when it reports second-quarter results, since Tesla “counts a delivery if it is transferred to the end customer and all paperwork is correct”. Tesla is counting on the new SUV to reach a goal of selling 55,000 of its all-electric vehicles worldwide this year. The success experienced by Tesla adds to its potential worth, as the company can flourish even without its subsidies.

Tesla has a relative small penetration in the German market, as corporations usually include vehicle as employee benefit, which makes the sales cycle different that the cycle in the US. These factors clearly shows how hard market Germany is for Tesla. “We haven’t seen that from Tesla”.

“This video was filmed with direct permission from Tesla Motors”.

Tesla Motors (NASDAQ:TSLA) last released its earnings data on Wednesday, May 6th.

The company purchased about 1,000 acres in 2013, claiming the land for its $5 billion electric auto and battery plant. The higher capacity is due to improved cell chemistry, including the use of silicon in the anode. With confirmation from the State of Nevada to construct the gigafactory, Tesla will have no resistance against their plans to increase their production capabilities. The automaker has recently been facing enough problems in China, where people think charging vehicles is too much of a hassle.

The company has been relatively quiet over the past few months, only peaking its head out to announce the Powerwall. The shares has received a hold rating based on the suggestion from 6 analysts in recommendations.