Here’s Why Credit Suisse Upgraded Tesla

By Benzinga
Benzinga
Benzinga
February 1, 2022 Updated: February 1, 2022

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

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