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Canaccord Genuity upgraded
The analyst said he expects delivery numbers to lead to greater profitability because of the transition from low-volume, high-price vehicles to high-volume, lower-price vehicles in the form of Tesla s Model Y and 3.
Secondly, the 4680 battery will open up capacity that will drive into the solar and storage market, he said.
Lastly, the analyst compared Tesla to
Apple Inc (NASDAQ: AAPL) in terms of brand value.