Tesla Motors roundup: Management realignment, F/X concerns, Orwellian twist
- Tesla Motors (TSLA -1.3%) reassigns Jerome Guillen to a customer-satisfaction position away from duties as the automaker's global sales chief.
- The company is looking to hire separate executives to head sales operations in Asia, North America, and Europe.
- Deutsche Bank reduced EPS estimates on Tesla in a revision based in part on foreign currency action. 2011 EPS is taken to $0.11 from $0.52 and 2016 goes to $1.75 from $2.00.
- Long-term potential on Buy-rated Tesla overrides the short-term F/X impact, according to DB.
- A video note from Morgan Stanley isn't particularly helpful. Tesla shares could multiple by 10X or lose half their value during a wild ride, surmises MS.
- The firm also gives an Orwellian twist to the story by noting Tesla can monitor drivers 24 hours a day through its advanced software.
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