{"id":41195,"date":"2023-01-25T09:03:56","date_gmt":"2023-01-25T14:03:56","guid":{"rendered":"https:\/\/autosector.com\/?p=41195"},"modified":"2023-01-25T09:03:56","modified_gmt":"2023-01-25T14:03:56","slug":"tesla-sustainability-behemoth-says-analyst","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=41195","title":{"rendered":"Tesla Is A “Sustainability Behemoth,” According To Analyst"},"content":{"rendered":"

This article comes to us courtesy of\u00a0EVANNEX<\/a>, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at\u00a0InsideEVs<\/a>, nor have we been paid by\u00a0EVANNEX\u00a0to publish these articles. We find the company’s perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content free of charge. Enjoy!<\/em><\/p>\n

Posted on<\/span>\u00a0EVANNEX on January 25, 2023,\u00a0by<\/span>\u00a0Peter McGuthrie<\/p>\n

Tesla<\/a> is increasingly focusing on renewable energy as a whole, rather than just electric vehicles, offering a broad range of solar and energy storage products for clean energy purposes. The result has made Tesla into an unprecedented and new type of company, and one that offers huge benefits to the world in the way of general sustainability.<\/p>\n

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Above: A house with Tesla’s solar panels and Powerwall storage systems. (Image:\u00a0Tesla)<\/a><\/em><\/p>\n

Canaccord Genuity analyst George Gianarikas called Tesla a \u201csustainability behemoth\u201d in a recent note to clients, as detailed in a report from\u00a0Yahoo Finance<\/em><\/a>. Pointing to\u00a0Tesla\u2019s solar and energy storage<\/a>\u00a0program, its electric vehicles (EVs) and its dominant positions in both, Gianarikas expects to see continued growth from the company.<\/p>\n

\u201cWhen we look over the next six to 12 months, and over the next multiple of years, it’s actually pretty positive for Tesla,\u201d Gianarikas said. \u201cThey have an incredibly strong balance sheet to weather a recession. And on the other side, they are destined to increase their leadership in EVs, which we think are on the cusp of really penetrating the overall auto market.\u201d<\/p>\n

The news comes following significant drops in Tesla\u2019s share price over the last several months, yielding different perspectives on the decline coming from bulls and bears. With a particular focus on the long-term upside of Tesla\u2019s stock, Gianarikas also cautions that the near-term for the energy-tech-auto stock may still be unclear.<\/p>\n

“The near-term is incredibly uncertain. But it’s being reflected in the stock,\u201d Gianarikas added. \u201cSometimes stocks tend to bottom before the fundamentals do. So when we look out to the long-term, there is a lot of earnings power here. The company has lots of growth vectors, whether it’s EVs, semis, robotics \u2014 we are very positive in the long-term.”<\/p>\n

It\u2019s tough to say with any certainty what could happen to Tesla\u2019s stock in the future, as pointed out by former Tesla bull and Wedbush analyst Daniel Ives in recent weeks.<\/p>\n

“At the same time that Tesla is cutting prices and inventory is starting to build globally in face of a likely global recession, Musk is viewed as ‘asleep at the wheel’ from a leadership perspective for Tesla at the time investors need a CEO to navigate this Category 5 storm,” Ives said.<\/p>\n

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One thing is certain:\u00a0Tesla\u2019s energy program<\/a>\u00a0has expanded greatly since it acquired SolarCity in 2016, and its addition of the Megapack, Powerwall, solar panels and solar inverter has changed the landscape of renewable energy on both residential and commercial scales. And these areas are only set to grow in the coming years, even if Tesla\u2019s current stock prices may not necessarily reflect its potential for upside.<\/p>\n

Source:\u00a0Yahoo Finance<\/a><\/em><\/p>\n

===<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

This article comes to us courtesy of\u00a0EVANNEX, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at\u00a0InsideEVs, nor have we been paid by\u00a0EVANNEX\u00a0to publish these articles. We find the company’s perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content free of […]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-41195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/41195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41195"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/41195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41195"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}