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published in Blogs
Jan 22, 2023
Will Tesla (TSLA, $133.42) win the EV race?

Will Tesla (TSLA, $133.42) win the EV race?

Several analysts’ comments in recent days seem to indicate that Tesla is likely to emerge victorious after riding out the near-term challenges.

Wedbush proprietary survey revealed that 76% of the China buyers want to purchase a Tesla vehicle following the price cuts implemented on January 6th. This indicates they might prefer the brand over domestic peers such as  BYD Manufacturing Company Limited and Nio, Inc.

Piper Sandler analyst Alexander Potter proactively suggested accumulating Tesla shares at its current valuation.

According to Jefferies analyst Philippe Houchois, speed and simplicity are Tesla’s main competitive strengths and will drive further affordability and resource efficiency.

Related Tickers: TSLA