Credit Suisse: Tesla's prospects are worth looking forward to, upgrading its rating to "outperform the market"

Credit Suisse analyst Dan Levy upgraded Tesla's (TSLA) rating to "outperform the broader market" with a price target of $1,025. The analyst said tesla's recent drop in stock offers an attractive buying opportunity for long-term investors. Analysts believe that Tesla's profit margins are very strong, and the sales growth is sustainable. "It's hard to find a stock that has everything like Tesla — an attractive growth story (including revenue and epoch-on-share), disruptive, decarbonized, etc.," he said. So, given the company's strong future fundamentals, and the fact that the stock is already mired in a market downturn, we believe the stock will rebound. ”