Is Tesla Inc on a path to $500 per share? Baird Equity Research believes it's feasible if company management is able to achieve its stated targets. “Based on consensus revenue compound annual growth estimates for 2016-2019E, we do not believe there are any companies of comparable market cap which offer a similar top-line growth profile. Additionally, with several upcoming catalysts, we believe it will be increasingly difficult to short the stock,” said Baird analyst Ben Kallo. The company remains a top pick at Baird, and while Tesla does possess a ‘Blue Sky’ valuation -- meaning investors are paying for the significant goodwill that is currently priced into the stock -- there is still opportunity for significant upside. Due to Tesla’s household name status, Baird believes it will lead to increased consumer demand for future Tesla products, including the upcoming Model 3 launch. Tesla’s ability to attract high-quality talent in the extremely competitive tech sector is also an encouraging sign for the company to continue future success.Read more