Tesla will revolutionize consumer buying habits like Amazon and Apple, analyst says
Wedbush Securities began coverage of Teslashares on Friday with an outperform rating, saying Elon Musk’s electric vehicle and energy storage company is now in the top echelon of 21st century technology companies.
“Tesla has evolved into one of the most dynamic technology innovators over the last 30 years and, in our opinion, has put itself into an esteemed category of companies such as Apple and Amazon that have revolutionized consumer buying habits and behaviors over the last decade,” Wedbush analyst Daniel Ives said in a note to investors.
Ives believes Tesla’s value is debatable from a number of angles — such as a potential capital raise or government investigations stemming from Musk’s tweets. But looking at the company as a whole, Ives said, Tesla should become “a technology titan over the coming years despite the near-term turbulence.”
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