Reported about 1 month ago
William Blair has started covering Tesla with an Outperform rating, emphasizing the company's often neglected energy storage segment, which is compared to Apple's ecosystem. With rising challenges in the electric grid, Tesla's Megapack is positioned to enhance grid stability, potentially boosting earnings significantly in the future. CEO Elon Musk has consistently viewed the company as an energy player, with the energy sector poised for substantial growth amid the spotlight on electric vehicles.
Source: YAHOO