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The writer falls short of saying BYD is actually a great competitor! 😉

Why Tesla's Newest Stock-Market Bull Says the Company Is Simply Without Peers

A Stifel analyst says legacy carmakers don't have the EV know-how to adequately compete with Tesla. Despite a challenging backdrop for electric-vehicle makers, Tesla Inc.'s stock can still thrive, according to the newest bull on Wall Street.Stifel analyst Stephen Gengaro initiated coverage of Tesla shares with a buy rating and $265 price target late Tuesday, writing that the company is peerless in the EV market and more akin to technology giants.He acknowledged the recent slowdown in EV sales, but he sees better days ahead for Tesla, which has witnessed a 25% stock decline so far this year. The company should come to see improving trends as charger availability grows, less expensive models debut and Tesla's overall technology improves, Gengaro wrote.See also: Rivian's stock surges on $1 billion Volkswagen investment and joint-venture plan. Admittedly, it's not a short-term game. While Tesla's management predicts that the company can start production on the low-cost Model 2 by the star

Why Tesla's Newest Stock-Market Bull Says the Company Is Simply Without Peers

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Despite a challenging backdrop for electric-vehicle makers, Tesla Inc.'s stock can still thrive, according to the newest bull on Wall Street.Stifel analyst Stephen Gengaro initiated coverage of Tesla shares  with a buy rating and $265 price target late Tuesday, writing that the company is peerless in the EV market and more akin to technology giants.He acknowledged the recent slowdown in EV sales, but he sees better days ahead for Tesla, which has witnessed a 25% stock decline so far this year. The company should come to see improving trends as charger availability grows, less expensive models debut and Tesla's overall technology improves, Gengaro wrote.See also: Rivian's stock surges on $1 billion Volkswagen investment and joint-venture plan. Admittedly, it's not a short-term game. While Tesla's management predicts that the company can start production on the low-cost Model 2 by the star","content":"<html><head></head><body><p>Despite a challenging backdrop for electric-vehicle makers, Tesla Inc.&#39;s stock can still thrive, according to the newest bull on Wall Street.</p><p>Stifel analyst Stephen Gengaro initiated coverage of Tesla shares <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> with a buy rating and $265 price target late Tuesday, writing that the company is peerless in the EV market and more akin to technology giants.</p><p>Tesla shares jumped 4.8% on Wednesday trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/cb5b52522e8dd24c52b7b613c55425cc\" tg-width=\"837\" tg-height=\"842\"/></p><p>He acknowledged the recent slowdown in EV sales, but he sees better days ahead for Tesla, which has witnessed a 25% stock decline so far this year. The company should come to see improving trends as charger availability grows, less expensive models debut and Tesla&#39;s overall technology improves, Gengaro wrote.</p><p>Admittedly, it&#39;s not a short-term game. While Tesla&#39;s management predicts that the company can start production on the low-cost Model 2 by the start of next year, he and his team &#34;are being a bit conservative on timing in our model.&#34;</p><p>Gengaro thinks that forward earnings expectations are bottoming for Tesla, after the 2024 consensus forecast for earnings before interest, taxes, depreciation and amortization falling by 41% over the past 12 month and the 2025 forecast on the metric dropping by 46%. With those negative estimate revisions likely out of the way, the dynamic could be a &#34;positive for the shares,&#34; he said.</p><p>In Gengaro&#39;s view, Tesla has no peers in the electric-vehicle business: &#34;There simply are no direct comps.&#34; That&#39;s because he said legacy carmakers don&#39;t have the requisite technology know-how in EVs, and they&#39;re way behind in the electrification game. Plus, they don&#39;t have Elon Musk as their CEO the way Tesla does, he added.</p><p>Gengaro would rather look at Tesla as a technology company akin to Apple Inc. <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a>, Amazon.com Inc. <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, Alphabet Inc. <a href=\"https://laohu8.com/S/GOOG\">$(GOOG)$</a> <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a> and Microsoft Corp. <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> Like those powerhouses, Tesla shines with its tech, boasts a compelling growth outlook over the long run and stands to benefit from the rise of artificial intelligence.</p><p>Related to AI, Gengaro is upbeat about the potential of Tesla&#39;s Full Self-Driving business, which &#34;likely creates significant value through FSD sales, possible licensing agreements, and as a key enabler for longer-term robotaxi initiatives.&#34;</p><p>He titled his report: &#34;The Future is Closer than We Think.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Tesla's Newest Stock-Market Bull Says the Company Is Simply Without Peers\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-06-27 07:59</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Despite a challenging backdrop for electric-vehicle makers, Tesla Inc.&#39;s stock can still thrive, according to the newest bull on Wall Street.</p><p>Stifel analyst Stephen Gengaro initiated coverage of Tesla shares <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> with a buy rating and $265 price target late Tuesday, writing that the company is peerless in the EV market and more akin to technology giants.</p><p>Tesla shares jumped 4.8% on Wednesday trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/cb5b52522e8dd24c52b7b613c55425cc\" tg-width=\"837\" tg-height=\"842\"/></p><p>He acknowledged the recent slowdown in EV sales, but he sees better days ahead for Tesla, which has witnessed a 25% stock decline so far this year. The company should come to see improving trends as charger availability grows, less expensive models debut and Tesla&#39;s overall technology improves, Gengaro wrote.</p><p>Admittedly, it&#39;s not a short-term game. While Tesla&#39;s management predicts that the company can start production on the low-cost Model 2 by the start of next year, he and his team &#34;are being a bit conservative on timing in our model.&#34;</p><p>Gengaro thinks that forward earnings expectations are bottoming for Tesla, after the 2024 consensus forecast for earnings before interest, taxes, depreciation and amortization falling by 41% over the past 12 month and the 2025 forecast on the metric dropping by 46%. With those negative estimate revisions likely out of the way, the dynamic could be a &#34;positive for the shares,&#34; he said.</p><p>In Gengaro&#39;s view, Tesla has no peers in the electric-vehicle business: &#34;There simply are no direct comps.&#34; That&#39;s because he said legacy carmakers don&#39;t have the requisite technology know-how in EVs, and they&#39;re way behind in the electrification game. Plus, they don&#39;t have Elon Musk as their CEO the way Tesla does, he added.</p><p>Gengaro would rather look at Tesla as a technology company akin to Apple Inc. <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a>, Amazon.com Inc. <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, Alphabet Inc. <a href=\"https://laohu8.com/S/GOOG\">$(GOOG)$</a> <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a> and Microsoft Corp. <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> Like those powerhouses, Tesla shines with its tech, boasts a compelling growth outlook over the long run and stands to benefit from the rise of artificial intelligence.</p><p>Related to AI, Gengaro is upbeat about the potential of Tesla&#39;s Full Self-Driving business, which &#34;likely creates significant value through FSD sales, possible licensing agreements, and as a key enabler for longer-term robotaxi initiatives.&#34;</p><p>He titled his report: &#34;The Future is Closer than We Think.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","BK4097":"系统软件","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU0557290698.USD":"施罗德环球可持续增长基金","BK4122":"互联网与直销零售","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","BK4099":"汽车制造商","MSFT":"微软","AMZN":"亚马逊","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0056508442.USD":"贝莱德世界科技基金A2","BK4528":"SaaS概念","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4516":"特朗普概念","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","BK4515":"5G概念","LU0109392836.USD":"富兰克林科技股A","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4585":"ETF&股票定投概念","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","BK4507":"流媒体概念","LU2063271972.USD":"富兰克林创新领域基金","GOOG":"谷歌","TSLA":"特斯拉","AAPL":"苹果","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","GOOGL":"谷歌A","BK4587":"ChatGPT概念","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","SG9999015978.USD":"利安颠覆性创新基金A","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4559":"巴菲特持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4077":"互动媒体与服务","BK4550":"红杉资本持仓","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4551":"寇图资本持仓"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2446934053","content_text":"Despite a challenging backdrop for electric-vehicle makers, Tesla Inc.'s stock can still thrive, according to the newest bull on Wall Street.Stifel analyst Stephen Gengaro initiated coverage of Tesla shares $(TSLA)$ with a buy rating and $265 price target late Tuesday, writing that the company is peerless in the EV market and more akin to technology giants.Tesla shares jumped 4.8% on Wednesday trading.He acknowledged the recent slowdown in EV sales, but he sees better days ahead for Tesla, which has witnessed a 25% stock decline so far this year. The company should come to see improving trends as charger availability grows, less expensive models debut and Tesla's overall technology improves, Gengaro wrote.Admittedly, it's not a short-term game. While Tesla's management predicts that the company can start production on the low-cost Model 2 by the start of next year, he and his team \"are being a bit conservative on timing in our model.\"Gengaro thinks that forward earnings expectations are bottoming for Tesla, after the 2024 consensus forecast for earnings before interest, taxes, depreciation and amortization falling by 41% over the past 12 month and the 2025 forecast on the metric dropping by 46%. With those negative estimate revisions likely out of the way, the dynamic could be a \"positive for the shares,\" he said.In Gengaro's view, Tesla has no peers in the electric-vehicle business: \"There simply are no direct comps.\" That's because he said legacy carmakers don't have the requisite technology know-how in EVs, and they're way behind in the electrification game. Plus, they don't have Elon Musk as their CEO the way Tesla does, he added.Gengaro would rather look at Tesla as a technology company akin to Apple Inc. $(AAPL)$, Amazon.com Inc. $(AMZN)$, Alphabet Inc. $(GOOG)$ $(GOOGL)$ and Microsoft Corp. $(MSFT)$ Like those powerhouses, Tesla shines with its tech, boasts a compelling growth outlook over the long run and stands to benefit from the rise of artificial intelligence.Related to AI, Gengaro is upbeat about the potential of Tesla's Full Self-Driving business, which \"likely creates significant value through FSD sales, possible licensing agreements, and as a key enabler for longer-term robotaxi initiatives.\"He titled his report: \"The Future is Closer than We Think.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":156,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":59,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}