Analyst jokes Musk will make it to Mars with SpaceX before Tesla is profitable

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  • One of the largest German banks, Nord/LB initiated coverage of Tesla not only with a sell rating, but with jabs at CEO Elon Musk.
  • “You have to ask yourself what will happen first: that Elon Musk will fly to Mars with SpaceX, or that he will finally operate Tesla in the black,” joked analyst Frank Schwope on Tuesday.
  • Schwope set a $270 price target, implying 15 percent downside over the next 12 months.