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Zenger
Zenger
Technology
Shanthi Rexaline

Tesla’s ‘Golden Goose’: Improvements Promise 30-50% Cuts In Battery Cost

Elon Musk, CEO of Tesla Motors, speaks at a press conference at the Nevada State Capitol, September 4, 2014, in Carson City, Nevada. Musk and Sandoval announced a plan to build a Tesla Gigafactory in Nevada to produce batteries for electric vehicles providing 6,500 jobs to the state. MAX WHITTAKER/BENZINGA 

A Tesla, Inc. (NASDAQ:TSLA) bull came away impressed from a visit to the electric vehicle giant’s Giga Nevada, which manufactures lithium-ion batteries and EV components. 

Wedbush analyst Daniel Ives has an Outperform rating and a $183 price target for the stock.

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