Benzinga | Jan 31, 2022 05:49AM EST

Here's Why Credit Suisse Upgraded Tesla

* Credit Suisse analyst Dan Levy upgraded Tesla Inc (NASDAQ:TSLA) to Outperform from Neutral with an unchanged price target of $1,025, implying an upside of 21%.

* An attractive entry point has emerged in the shares following the recent selloff, Levy notes.

* The company is a "one of one," says the analyst, who is "hard-pressed to find a stock that checks all the boxes as Tesla does."

* Levy believes Tesla offers an attractive growth story, disruption, and decarbonization.

* He notes the stock will recover given the company's "robust fundamentals."

* Further volume growth and sustained margin strength should drive upside to consensus estimates, contends Levy.

* Price Action: TSLA shares traded higher by 2.02% at $863.45 in the premarket session on the last check Monday.