Looking for new stock to add to your portfolio in 2015? Credit Suisse has one for your consideration: Tesla.
Bidness Etc reports the investment firm’s analyst picked the Californian EV automaker as its one of its favorites in the Auto and Auto Parts Industry category. Dan Galves, who led the investment research on Tesla, says the automaker’s biggest selling point for the medium term is its Gigafactory and lithium-battery pack technology. He and his fellow analysts believe the main goal of the factory — to reduce production costs — is probable, with parity compared to coventionally powered vehicles to come by 2017.
Credit Suisse also projects the Model X — when it finally does arrive — “will be a potential positive catalyst in the process of slowly shifting the industry toward EVs.” Increased production volume visibility during H2 2015 is also expected to provide a view of the automaker’s EBIT margin potential, with the firm bestowing an Outperform rating and a $325 price target on the stock.
The post Credit Suisse Picks Tesla As One Of Its Favorites For 2015 appeared first on The Truth About Cars.
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