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Deutsche Bank: Tesla's 'Key Challenge' Continues To Be Execution

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As of the night of April 2, Tesla Motors Inc TSLA had received orders for the Model 3 of over 276,000.

Deutsche Bank’s Rod Lache maintained a Hold rating on the company, with a price target of $280.

Model 3 Demand

Lache believes that it would not be surprising if the company’s backlog neared 500,000 as Model 3 enters production.

“We viewed the market’s reaction to this product as a seminal...