Credit Suisse thinks Tesla's focus on its electric vehicle batteries is a key advantage.
"While we hold an Underperform rating on Tesla, we nevertheless believe it's important to give Tesla its credit where due," Credit Suisse analyst Dan Levy wrote in a note to investors on Monday. "We believe Tesla is leading in the areas that will likely define the future of carmaking – software and electrification.
Next year Tesla is expected to host "Powertrain Day," which Levy expects will shed light on Tesla's battery strategy – including increasing production, decreasing cost and improving each battery's efficiency. "We expect Tesla to highlight why its work in battery gives it a clear competitive advantage vs. other automakers," Levy said.
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