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Wednesday, 03/21/2018 1:26:43 PM

Wednesday, March 21, 2018 1:26:43 PM

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Tesla compensation plan should ensure continued leadership of Musk, says Baird
Baird analyst Ben Kallo noted the media reports indicating Tesla shareholders voted to approve Elon Musk's compensation plan, which he believes will be viewed favorably by investors as the plan should ensure Musk's continued leadership of the electric carmaker. He also views the long-term adjusted EBITDA and revenue targets outlined in the arrangement favorably, added Kallo, who remains a buyer of Tesla shares at current levels. He keeps his Outperform rating and $411 price target on the stock

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