The battery decade: How energy storage could revolutionize industries in the next 10 years.
, up from a prior target of 50.
"Although the concept of electric vehicles is not new, what is different in this automotive cycle is the availability of reliable and low-cost batteries that possess excellent energy and power capabilities in a practical form factor," Cowen analyst Jeffrey Osborne said in a recent note to clients. Tesla is currently the world's largest manufacturer of electric vehicles, and while it has yet to turn a profit on an annual basis, it has posted a profit on a quarterly basis, including in the most recent quarter. The company has proved to be somewhat polarizing from an investing angle, given the frequent delivery target misses and the sometimes erratic behavior of CEO Elon Musk.
In a recent note Credit Suisse said that it's important to give "credit where due" to Tesla over the company's battery development. The firm has an underperform rating on the stock, but said that the automaker has an "edge over other automakers in electrification" thanks to the energy density of its battery, among other things.
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