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Tesla isn’t stuck in a ‘zero-sum game’ like other carmakers, Jefferies analyst says

October 22, 2020


Tesla doesn’t have to play the “zero-sum game” faced by traditional automakers that are struggling to catch up in the electric vehicle space, an analyst at Jefferies told CNBC Thursday.

Billionaire Elon Musk’s car company on Wednesday posted its fifth straight quarter of profits, helped in part by sales of environmental regulatory credits to other carmakers. The company also beat on all the key metrics that analysts were looking for including cash flow and gross margins.

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