$Tesla (TSLA.US)$$BYD COMPANY (01211.HK)$$NIO Inc (NIO.US)$$...

$Tesla(TSLA.US)$ $BYD COMPANY(01211.HK)$ $NIO Inc(NIO.US)$ $XPeng(XPEV.US)$ Canaccord Genuity analyst George Gianarikas reiterated a Buy rating and $234.00 price target on Tesla. The analyst said: "We currently see Tesla and Mobileye as winners in the passenger AV market. Being vertically integrated is crucial to constructing a well functioning AV system. We think many independent OEM efforts will wind down over time for reasons including lack of scale, leaving room for Mobileye to gain traction as a merchant vendor to multiple OEMs. We see Tesla's system as well functioning and likely used exclusively for its own vehicle fleet for some time. We see Aurora as dominant in US autonomous trucking, which, in our opinion, is sufficient for the stock to reach our price target."