09.07.2022 - By Dave Lee on Investing
Why Goldman Sachs is bullish on Tesla stock TSLA:
#1: Tesla's costs are headed lower
#2: Tesla is a winner from the Inflation Reduction Act (IRA)
#3: Tight EV supply supports higher prices, profits
Goldman's investment thesis on Tesla: "We believe that Tesla, given its leadership position in EVs (including its vertical integration and tight coupling of hardware and software, as well as its ecosystem of charging stations and brand), and its focus on clean transportation more broadly (given its solar and storage businesses) is well positioned to capitalize on the long-term shift to EVs. We expect Tesla to expand margins in the intermediate term as it ramps the important Model Y product as well as new factories in Berlin, Germany and Austin, Texas, and in the long-term as it increases its mix of software revenue."
Article on Mark Delaney's analyst note on TSLA: https://finance.yahoo.com/news/tesla-stock-goldman-sachs-183413023.html
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