Skip to main content

Market Overview

Tesla Analyst Says Automaker's Drive Forward Will Be Smoother

Tesla Analyst Says Automaker's Drive Forward Will Be Smoother

This year was full of ups and downs for Tesla Inc (NASDAQ: TSLA) but the future looks brighter for the maker of the Model 3, according to Oppenheimer analyst Colin Rusch.

Tesla 'Hitting Their Stride'

Some of the highlights from Tesla's 2019 include two new car model unveilings and a surprise profit in the third quarter, said CNBC's Becky Quick.

On the other hand, Tesla CEO Elon Musk squared off with the Securities and Exchange Commission.

This begs the question: has Tesla "made it through the most difficult days?"

Rusch said Tesla's struggles are a thing of the past. The company is "hitting their stride" in terms of lowering manufacturing costs, he said. 

Recent reports of price cuts in China are a function of passing some of the savings on to consumers, the analyst said. 

Tesla Buying Time? 

Bethany McLean, contributor for CNBC and Vanity Fair, said Tesla's recent profitable quarter bought Musk some time.

This happens to be one of Musk's best talents, and so long as he can show ongoing profit and drive the stock higher, he "keeps on buying himself a lifeline" against bears and naysayers, she said. 

In the meantime, a "religious battle" will continue playing out between short sellers and Tesla's strongest supporters, McLean said. 

"As long as Elon Musk can maintain access to the capital markets he has a chance to pull it out," she said. "If he loses access to the capital markets, then the entire story changes across the board."

Tesla shares were trading 4.17% higher to $394.78 at the time of publication. 

Related Links:

'I Can't Fight It Anymore': Why Cramer Likes Tesla Now

Tesla Might Lower China-Built Model 3 Prices Next Year

Photo courtesy of Tesla. 

Latest Ratings for TSLA

Feb 2021Morgan StanleyMaintainsOverweight
Feb 2021Piper SandlerMaintainsOverweight
Jan 2021Deutsche BankMaintainsBuy

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings


Related Articles (TSLA)

View Comments and Join the Discussion!

Posted-In: automakers CNBC Colin Rusch electric vehicles Elon MuskAnalyst Color Analyst Ratings Media Best of Benzinga

Latest Ratings

BURLMorgan StanleyMaintains290.0
AVGOMorgan StanleyMaintains538.0
APHMorgan StanleyMaintains65.5
MCRBChardan CapitalUpgrades30.0
AMGNMorgan StanleyMaintains279.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at