Credit Suisse Reiterates Above Consensus EPS for Tesla (TSLA) Ahead of 1Q21 EPS

April 13, 2021 6:01 AM EDT
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Price: $629.04 -6.44%

Rating Summary:
    21 Buy, 21 Hold, 11 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 17 | New: 45
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Credit Suisse analyst Dan Levy reiterated a Neutral rating and $800.00 price target on Tesla (NASDAQ: TSLA) ahead of consensus into 1Q21 EPS. Credit Suisse is modeling 85c vs. consensus 71c with the upside coming from reg credits.

The analyst stated "We see a few takes on Tesla stock into the print and more broadly: 1. Positive into print given above-consensus view, but set-up less attractive than it was into delivery release; 2. Ramp of new capacity (reinforcing growth ahead) and EPS upside are positives for the stock in ’21, but positives on this front somewhat dented by increased EV competition; 3. Tesla stock still heavily driven by investor appetite for terminal value narratives…however higher rates / less terminal value focus could dent the stock."

For an analyst ratings summary and ratings history on Tesla click here. For more ratings news on Tesla click here.

Shares of Tesla closed at $706.89 yesterday.



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