Jefferies analyst Philippe Houchois keeps a Hold rating and $300 price target on Tesla (TSLA) after its Q3 results and earnings call. The conference call was “more repetition than news”, while its slight EBIT and margin miss was after $238M in various non-recurring charges, the analyst tells investors in a research note. Tesla’s current Auto business also no longer drives valuation but continues to generate more free cash flow than is now needed to fund future developments, the firm added.
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