Daiwa Gets Bullish on Tesla Citing Its Edge Amid Russia-Ukraine Crisis

Daiwa Gets Bullish on Tesla Citing Its Edge Amid Russia-Ukraine Crisis
The Tesla logo is displayed on the hood of a Tesla car in Corte Madera, Calif., on May 20, 2019. Justin Sullivan/Getty Images
Benzinga
Updated:

Daiwa analyst Jairam Nathan upgraded Tesla Inc. to Outperform from Neutral with a price target of $900, down from $980. It implies an upside of 12.4 percent.

The analyst says renewed supply chain concerns combined with higher oil prices enhance Tesla’s competitive advantage over legacy internal combustion engines.