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Bernstein Reports Electric Vehicles May Become Cost Competitive

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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
Nov 2019MaintainsBuy
Oct 2019MaintainsEqual-Weight
Oct 2019DowngradesNeutralSell

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Posted-In: Bernstein Max WharburtonAnalyst Color Analyst Ratings Tech

 

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