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Another Wall Street analyst has initiated coverage of
Tesla Inc (NASDAQ: TSLA) on Wednesday. Like many other analysts and investors, he doesn’t quite know what to make of Tesla at its current valuation.
The Tesla Analyst: Edward Jones analyst Jeff Windau initiated coverage of Tesla with a Hold rating.
The Tesla Thesis: Windau said Tesla is the clear leader in the global electric vehicle market up to this point. The company will soon face a tidal wave of new competition, however, and its $800 billion market cap is already pricing in a tremendous amount of long-term growth and huge successes in ventures outside of auto sales.