Tesla Shares Revving Up On RBC Note

Tesla (TSLA) - Get Report shares are moving up thanks to a note from RBC highlighted in the latest Barron's. RBC said after a recent tour of the company's Fremont, California factory it's more confident about Tesla's ability to increase production. RBC said it doesn't have meaningful reason to doubt Tesla can eventually hit its targets, but doing it in a timely manner could prove challenging. The firm adds that missing near-term targets may not affect the long-term view but that failure could provide a more favorable entry point in the stock.

This article was written by a staff member of TheStreet.