/Mizuho gives Tesla a buy rating, says battery program will sustain it as an electric vehicle leader
Mizuho gives Tesla a buy rating, says battery program will sustain it as an electric vehicle leader

Mizuho gives Tesla a buy rating, says battery program will sustain it as an electric vehicle leader

Tesla CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, east China, Jan. 7, 2020.

Ding Ting | Xinhua News Agency | Getty Images

Tesla’s success in batteries should ensure that it remains a leader in the electric vehicle market and makes its stock a smart buy for investors, investment firm Mizuho said Wednesday.

Mizuho began coverage of the volatile electric vehicle stock with a buy rating, saying in a note to clients that the company is well positioned to take advantage of the expected boom in clean energy vehicles and expand into related businesses.