Tesla Looks Best Positioned to Weather Easing Macro Conditions By Investing.com

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German Bank (ETR:) retained a buy rating and $355 per share price target on Tesla (NASDAQ:) in a note released on Monday.

Following the DB AutoTech conference, analysts told investors that Tesla “did not allow comment on current demand conditions or its pricing strategy,” but indicated it was best positioned. to withstand any downturn in macroeconomic conditions due to its better cost structure, superior margins and often demonstrated operating agility and agility.

They added that Tesla expects considerable benefit from the Cut Inflation Act, including a full $7,500 consumer tax credit and significant direct incentives for its battery manufacturing in the United States. United States.

“Tesla expects the IRA to be a significant tailwind for the company, starting Jan. 1. The company estimates that most of its U.S. vehicles should qualify for the $7 consumption tax credit. $500, and Tesla will also receive significant incentives for manufacturing its batteries in the U.S. The manufacturing share is expected to be $45/kWh for cells and battery packs manufactured in-house (capacity of 10 GWh from the Fremont pilot line, and ramping up Austin’s capacity as fast as possible), and we think some of that could be shared with Panasonic (TYO:) for the batteries co-manufactured in Nevada “, wrote the analysts.

“Tesla is particularly focused on its next-generation platform which we believe will support many other vehicles and segments, as well as ‘robotaxis’, and is targeting a total cost of ownership of $20,000 per vehicle; development is advanced and the target POS is 2024,” the analysts added.

By Sam Boughedda

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