Market Overview

Bernstein Reports Electric Vehicles May Become Cost Competitive

Share:
Related TSLA
Credit Suisse On Tesla: Checks Point To Strong Demand
CNBC's Stock Pops & Drops From January 26
PACCAR (PCAR) Beats Q4 Earnings and Revenues, Up Y/Y - Analyst Blog (Zacks)

Bernstein analyst Max Warburton reported in a note that electric vehicles may make up a “much larger part” of the vehicle fleet in future years than what was previously expected.

Warburton noted Tesla Motors, Inc. (NASDAQ: TSLA) “extraordinary” claims regarding low battery costs. The analyst remarked that, if proven correct, suggests that the cost of batteries may decline to enable a competitive electric vehicle cost.

Bernstein conceded that the prior 2011 note may have been “too bearish." The prior note established a tone and conclusion that electric vehicles would have a difficult time becoming cost competitive.

The analyst reported that Nissan and Renault are pest placed among the mainstream OEMs to attain a full scale battery production.

Shares of Tesla closed at $230.97 on Thursday. The stock is currently trading at $232.91, up 0.84%.

Latest Ratings for TSLA

DateFirmActionFromTo
Jan 2015JP MorganMaintainsNeutral
Jan 2015Stifel NicolausReiteratesOutperform
Oct 2014Ascendiant CapitalInitiates Coverage onBuy

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: Bernstein Max WharburtonAnalyst Color Analyst Ratings Tech

 

Related Articles (TSLA)

Around the Web, We're Loving...

Get Benzinga's Newsletters