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)

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.

The company is a “one of one,” says the analyst, who is “hard-pressed to find a stock that checks all the boxes as Tesla does.”

Levy believes Tesla offers an attractive growth story, disruption, and decarbonization.

He notes the stock will recover given the company’s “robust fundamentals.”

Further volume growth and sustained margin strength should drive upside to consensus estimates, contends Levy.

By Anusuya Lahiri
© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.