On Tesla’s last quarterly earnings conference call, CEO Elon Musk largely avoided questions from Wall Street analysts in favor of retail investor (and YouTube personality) Galileo Russell. In turn, analysts largely dismissed Tesla’s rosy outlook for the road ahead. However, one Wall Street analyst is gaining a newfound appreciation for Tesla’s inherent advantages over legacy carmakers.
Renowned mutual fund manager and investment icon Ron Baron of Baron Capital is well-known for his conservative, long-term approach to stock picking. He’s been compared to Warren Buffett (both for his investing style and outstanding track record) and has said that Tesla “may be the most interesting” company he’s ever invested in over his 46 year career.
Financial investment company Berenberg has completed an analysis of Tesla and concluded its stock, currently priced at about $380 per share, could surge another 30% in the next 12 months. In fact, the analyst team, headed by Alexander Haissl, claims the company could soon have a near monopoly in the market for electric cars.
