Tesla Receives Outperform Rating & $855 Price Target from KGI Securities

Eva Fox by Eva Fox August 02, 2021

Tesla Receives Outperform Rating & $855 Price Target from KGI Securities

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KGI Securities analyst Jennifer Liang initiates coverage of Tesla (NASDAQ: TSLA) shares with Outperform rating and $855 price target. The firm believes the company has a unique business model that will ensure it will thrive in the coming years.

KGI Securities initiates coverage of Tesla shares with positive and high ratings. Analyst Liang acknowledges the manufacturer's leadership, pointing out that it will remain so in the medium term. The California-based manufacturer has a unique business model and high competitiveness, which gives it the opportunity to thrive.
"Tesla will continue to stay ahead of the pack in the midterm; opportunities thrive for those with unique business models and strong competitiveness."

The firm expects Tesla to maintain its leading position in the electric vehicle market for at least the next 3-5 years. This is possible due to a number of areas in which the company is developing. The analyst believes Tesla is demonstrating technological excellence and an ongoing commitment to expanding its EV offerings on all fronts, including software and hardware, namely:

  1. advanced Autopilot and full self-driving (FSD) features;
  2. the ability for over-the-air (OTA) updates;
  3. in-house design of software and electronic architecture, enabling the firm to introduce innovations faster than rivals;
  4. a self-developed new 4680 battery cell architecture and unibody castings; and
  5. a wide Supercharger network build-up worldwide.

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This article is for informational purposes only. You should not construe any such information or other material as an investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by Eva Fox, Tesmanian, or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

Eva Fox holds zero shares of Tesla, Inc., and currently (at the time of this article's publishing) holds zero options or securities in Tesla Inc. and/or its affiliates.





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