Here’s Why Credit Suisse Upgraded Tesla

Here’s Why Credit Suisse Upgraded Tesla
A Tesla Model Y electric vehicle is displayed on a showroom floor at the Miami Design District in Miami on Oct. 21, 2021. Joe Raedle/Getty Images
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Credit Suisse analyst Dan Levy upgraded Tesla Inc. to Outperform from Neutral with an unchanged price target of $1,025, implying an upside of 21 percent.

An attractive entry point has emerged in the shares following the recent selloff, Levy notes.