Forget Tesla’s Cars. The Real Money May Lie in Tesla’s Battery Business

Forget Tesla’s Cars. The Real Money May Lie in Tesla’s Battery Business

Shares of electric car giant Tesla (TSLA), which were under pressure through much of the first two months of the year, continued to claw their way back higher this week after Canaccord analyst Jed Dorsheimer released a note upgrading the stock from “hold” to “buy” — and nearly tripling his price target to $1,071 a share. (To view Dorsheimer’s track record, click here)

Tesla, argued the analyst, holds a “several-year lead” over rival electric car companies around the world. And yet, the…


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