The combination of margins and Tesla's reported adjusted Ebitda of $1.2 billion"speaks to a business model which continues to have significantly lower costs and more production efficiency even in the face of challenging circumstances globally given COVID-19," Ives wrote in a Thursday note.
"As more and more automakers develop and market their own electric vehicles, we expect the need to purchase such credits from Tesla will decline over time," said Brinkman. "While TSLA's 2Q:20 results came in better than most expectations, we believe this is more than reflected in the ~300% run-up in TSLA stock YTD," wrote analyst led by John Murphy in a note Wednesday.
Spak also pointed out that Tesla was"once again aided by credits," adding that"TSLA would not have become S&P500 eligible without this lever." Next, investors will turn their focus to Tesla's potential S&P 500 inclusion and upcoming Battery Day,"where the company could demonstrate great improvements in technology and large capacity additions, growing its lead versus potential EV competition," Rosner wrote.
Stop gambling on individual stocks! Investing in index funds and index tracking ETFs is much easier and can make you a millionaire!
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: CNBC - 🏆 12. / 72 Read more »