Summary
- William Blair analyst analogizes Tesla Energy to Apple
- Analyst predicts potential growth in Tesla’s robotics offerings
- BUY rating from analyst implies outperformance in stock market
- Tesla’s energy storage business is considered undervalued by analyst
- Second quarter report shows significant growth in Tesla’s energy storage and generation business
Article
William Blair analyst Jed Dorsheimer recently noted that Tesla Energy is showing similarities to Apple in terms of energy. Dorsheimer gave Tesla (TSLA) a BUY rating but did not provide a specific price target. He believes that Tesla’s potential in robotics, such as robotaxi and Optimus, along with its other products like electric vehicles (EVs), energy storage units, solar, and software, could lead to the creation of an “Apple-esque” energy ecosystem. Dorsheimer envisions Tesla hardware and software being used in homes, utilities, and businesses.
The BUY rating from the William Blair analyst suggests that the firm expects Tesla stock to outperform the market. Dorsheimer specifically highlights Tesla’s energy storage business as an underappreciated asset. In the second quarter of the year, Tesla reported a 100% year-over-year increase in its energy storage and generation business. The company’s Tesla Energy division accounted for 12% of its sales in Q2 2024. Dorsheimer argues that more attention should be given to Tesla’s energy storage business, which includes products like the Powerwall and the Megapack, as growth in the electric vehicle division begins to slow.
For more insights or tips, interested individuals can contact Maria at maria@teslarati.com or through X @Writer_01001101. This information highlights the growing optimism around Tesla Energy and its potential to create an ecosystem similar to Apple’s. Dorsheimer’s analysis points to the strength of Tesla’s energy storage business and its growth prospects in the future. Tesla’s focus on a range of products, from EVs to energy storage units and software, positions the company well to expand its presence in various sectors and offer innovative solutions to consumers and businesses alike.
Overall, Dorsheimer’s comparison of Tesla Energy to an “Apple-esque” energy ecosystem suggests that the company is on a path to revolutionize the energy industry. By leveraging its hardware and software capabilities, Tesla could establish a strong presence in homes, utilities, and businesses. The increasing importance of Tesla’s energy storage business, as noted by Dorsheimer, indicates the potential for significant growth and market impact in the coming years. With a BUY rating from the William Blair analyst, Tesla’s stock is expected to outperform the market, reflecting the positive outlook on the company’s future prospects in the energy sector.
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