Due to the upward trend of delivery volume, Mizuho prefers "vertically integrated" car companies such as Tesla and Weilai

According to the U.S. Stock Research Agency, the Zhitong Finance APP learned that Mizuho analyst Vijay Rakesh raised Tesla's target price from $950 to $1300 and maintained a "buy" rating. Meanwhile, Rakesh reiterated his commitment to Rivian Automotive (RIVN. US) and NIO (NIO. US) "Buy" rating. Rakesh told investors in a research note that 2022 "should be an important year" for ELECTRIC VEHICLE makers.

Tesla delivered 308,600 units in the fourth quarter of last year, up 71 percent year-over-year and nearly 20 percent higher than generally expected, the analyst said. He believes that the increase in the number of Tesla deliveries and exports in China has driven the growth of Q4 deliveries. Rakesh expects Tesla's deliveries to increase in 2022, "showing an upward trend." Rakesh went on to argue that "vertically integrated" eviction companies Tesla, Rivian Automotive and NIO are all well positioned in terms of long-term growth as traditional automakers "struggle to balance" the internal combustion engine and eviction portfolio.