Its first recognition
and brand awareness followed the company’s production of the Tesla Roadster,
which was the first fully electric sports car. The second vehicle was the
luxury Sedan, Model S.
The company has diversified
its product portfolio by also manufacturing and marketing electric power train
components. It sells lithium-ion battery packs to car makers such as Toyota and
Daimler. The company envisions being at the forefront of producing electric
cars to an average consumer at reasonable prices.
Tesla Motors’ bright
forecast.
Tesla stock can
take much praise for being the darling of financial analysts at the moment.
Credit Suisse is the recent addition to the list of ananlysts being confident
of Tesla’s bullish streak and upward stock trend. The company gave the car
maker an ‘Outperform rating’ and forecasts the company’s stock to rise to $325
from the current $262 at Aug 18, 2014.
Tesla’s market capitalization was $32.65 billion, almost half of that of
either Ford or General Motors, and trades at 80 times its expected 2015
earnings, in comparison to 8 and 9 times for ford and GM respectively. This
amazing forecasting of the company has given it the push it needs in terms of
brand recognition and the hype around its stocks has resulted in a self-fulfilling
prophecy and taken the company stock price gradually upwards.
Credit Suisse has reasons to be optimistic and
continue its laurels for Tesla as it believes that Tesla’s electric vehicles
will triumph over internal combustion engines. The company’s electric cars are
spacious because of less bearing parts, they have a better control with higher
center of gravity, are power efficient, and to top it off will provide fuel
saving to customers.
Yet the fact remains that for the time being,
all of that is still little more than potential. And not many stocks get the
kind of generous pass on the potential that Tesla is getting.
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