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Buy Tesla shares 'even with drama,' Baird analyst says after factory tour

Buy Tesla shares 'even with drama,' Baird analyst says after factory tour

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/09/10/buy-tesla-shares-even-with-drama-baird-analyst-says-after-factory-tour.html

Investors should still buy Tesla's stock in spite of all the "drama" surrounding the electric car maker and its management, an analyst at Baird said after touring the company's factory.

"We recently toured the Fremont factory and came away incrementally positive" about the company, analyst Ben Kallo wrote in a Monday note titled "Tesla, Inc.: Buy Even with Drama in LBC." "Gigafactory 1 creates a significant barrier for competition and manufacturing capability should be a competitive advantage for TSLA over the long term. We believe TSLA's Gigafactory enables the company to drive down costs through an industrialization of battery pack assembly and economies of scale."