Tesla (TSLA) is the electric vehicle (EV) pioneer, on this there is no debate. However, with legacy auto makers realizing electric vehicles are the future, common wisdom dictates Tesla is set to face increasing competition from the old timers. This notion is given short shrift by Jefferies' Philippe Houchois. “For some time the narrative has been legacy OEMs closing the gap; we see little evidence as Tesla continues to challenge at multiple levels,” the 5-star analyst said. “We raise EBIT and margin estimates in contrast with doubts about earnings momentum across legacy OEMs.
https://www.tipranks.com/news/article/rising-competition-is-a-key-risk-for-tesla-stock-but-this-analyst-remains-bullish?utm_source=advfn.com&utm_medium=referral
Tesla (NASDAQ:TSLA)
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