Analyst Says Tesla is Only Automaker That Has Figured Out How to Make Electric Vehicles Work
Shortly after Goldman Sachs issued a note with a somewhat negative future outlook for Tesla Motors, a Dougherty & Co. analyst shot back.
The Goldman Sachs note led to one of TSLA’s worse days on the market, but Dougherty & Co. headed up a rebound.
Andrea James, an analyst for Dougherty & Co., issued a positive note for TSLA, which then led to the stock’s largest single-day rise in 7 weeks.
James had strong words for Tesla in the report, which included a price target increase from $90 to $200.
“We ultimately believe Tesla is a $300 stock at the factory’s maximum capacity, which we hair cut to $200 for the execution risk.”
But that wasn’t all that James had to say.
“We believe that Tesla is the only firm that has figured out how to make [EV technology] work.”
And that’s why Dougherty & Co.’s outlook for TSLA is so bullish
Source: Automotive News