Baird Upgrades Tesla to "Outperform" with $548 Price Target

Baird analyst Ben Kallo recently upgraded Tesla's stock rating to "Outperform" and set a price target of $548. Kallo noted that despite Tesla's recent lackluster earnings report, the stock has not been significantly impacted, indicating investors are shifting their focus toward the company's future prospects. He specifically highlighted Tesla's newly proposed executive compensation plan, which is closely tied to product launches and market capitalization targets. If Tesla achieves these ambitious goals, CEO Elon Musk’s substantial compensation would be well justified.