Berenberg Positive On Tesla (TSLA), Says Benefits Derived From Gigafactory Scale Are Key To Execution, Maintains Hold
Get Alerts TSLA Hot Sheet
Rating Summary:
23 Buy, 27 Hold, 13 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Join SI Premium – FREE
Berenberg commented on Tesla (NASDAQ: TSLA) from the North American International Auto Show in Detroit.
Analyst Paul Kratz comments "After showing analysts its Gigafactory plant in Nevada last week, the company again emphasised the competitive advantages this brings to Tesla. Speaking yesterday at the North American International Auto Show in Detroit, the company said it continues to see itself as the battery cost leader. Management added that, with traditional OEMs lacking battery capacity as large as Tesla’s, it should be relatively better positioned to capture upside in electric vehicle (EV) adoption. The company sees itself as the key catalyst for the transition to EV mobility, though a spate of recent EV launch announcements by OEMs such as Volkswagen (VW), Daimler and General Motors (GM) puts some doubt on Tesla’s claim that competitors lack EV models. However, there is relatively more visibility for Tesla because it is likely to have the most significant EV production capacity in the foreseeable future due primarily to its battery production capabilities."
Kratz says his PT of $193 is based on a probability-weighted scenario analysis.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Midday movers: RH, Estee Lauder rise; Tesla falls
- Tesla (TSLA) PT Lowered to $196 at Citi, Expects a Q1 Deliveries Miss
- Tesla (TSLA) option implied volatility into quarter delivers report
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
TeslaSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!