Energy & Science
Goldman Says Buy Tesla and Stocks With Electric-Car Exposure
- EV’s total ownership cost already competitive in some markets
- Tesla, Aptiv get bullish initiation by bank’s new autos team
April 1: Evaluating Tesla’s Model Y With Engineering Guru Sandy Munro
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The significant pullback in U.S. auto stocks creates an opportunity for investors to own long-term growth names including Tesla Inc. and other companies exposed to electric vehicles, Goldman Sachs said.
Even with gasoline averaging about $2 per gallon, the total cost of ownership for electric cars is already competitive with vehicles powered by traditional internal-combustion engines in select categories, including mid- to high-end cars, analyst Mark Delaney wrote in a report.