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Tesla is to Vehicles What Apple Was to Cell Phones, According to This Analyst

By BenZinga
Capital Markets

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The Apple Inc. (NASDAQ: AAPL) iPhone has been one of the most successful products of all time and has created some huge returns for Apple investors over the past decade. According to one analyst, Tesla Inc(NASDAQ: TSLA) may be on the brink of following in Apple’s footsteps.

The Analyst

Nomura analyst Romit Shah.

The Rating

Nomura maintains a Buy rating and $500 price target for Tesla.

The Thesis

Shah said consumers have major passion for Tesla’s brand, similar to the type of loyalty Apple has inspired in its customers. If anything, Tesla’s branding is even more impressive that Apple’s given the fact that the vast majority of Tesla …

Read the full story at Benzinga.

Photo: Tesla

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