What to Do Now with Tesla Shares?
- January 13, 2020
Updating estimates and raising price target to street-high of $612
While Tesla has stumbled through growing pains, Oppenheimer analysts believe the company has reached critical scale and can sufficiently support sustainable positive free cash flow. Given Tesla's resolution of manufacturing bottlenecks and demonstration of strong consumer demand, Tesla is becoming a must-own stock and could benefit from inclusion in additional stock indexes.
Tesla has key advantages in its powertrain design, battery technology, ADAS (advanced driver-assistance system) fleet size, roadmap to energy independence offerings, and consumer enthusiasm that can translate into material operating leverage, share gains, and market disruption as renewables and autonomy trends accelerate.
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