Deutsche Bank confirms its bullish outlook on Tesla. The analyst expressed his views on the company during an investor meeting at the IAA Motor Show in Munich, Germany.
Deutsche Bank Research recently spoke to its Tesla outlook. The manufacturer's rating was left at the “Buy” level. The price target for Tesla has been set at $300. Emmanuel Rosner, an analyst at the firm, offered his positive view of the company as part of an investor meeting at the IAA Motor Show, which is currently taking place in Munich, Germany.
According to the analyst, given the ongoing decline in prices for Tesla cars, in the short term, there is a risk of deterioration in investor expectations. Some investors are too short-term oriented, ignoring the bigger picture and future growth path. Rosner believes Tesla is in a strong position to make a name for itself in a difficult economic climate. This will ensure its growth in the medium and long term.
The analyst expects Tesla to continue making further progress in the Chinese market. This expectation is reinforced by the fact that the Chinese electric vehicle industry has significant advantages. Wang Hao, president of Tesla China, highlighted the strengths of the Chinese market in an interview. He also mentioned the presentation of a new version of Model 3 at the 2023 China International Fair for Trade in Services (CIFTIS). The event marks the first time Tesla has unveiled a vehicle in China, rather than in the US. In addition, the company's production performance and brand popularity in the country continue to grow.
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About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.