Tesla yealry production number biased to upside, says Baird

Baird analyst Ben Kallo noted Tesla’s record quarter of deliveries beat his estimates as the gap between deliveries and production decreased from Q4 as TSLA improves its delivery logistics, which we expect will take time. Baird said they would use any pullback as a buying opportunity and continue to think numbers biased upward for the year. Baird reiterated is Outperform rating and $252 price target on Tesla shares.