- Piper Sandler analyst Alexander Potter admitted that the current weekly China Passenger Car Association February sales and production exhibited continued strength for Tesla Inc's (NASDAQ:TSLA) Shanghai factory.
- Tesla sold 56,515 China-made vehicles in February, including 33,315 for export.
- Potter also noticed a "general uptick in inbound calls" from investors regarding Tesla's exposure to geopolitical risks and commodity price spikes.
- Nickel prices attracted attention, considering their importance in battery manufacturing.
- Related Content: Russia-Ukraine Crisis Could Dampen EV Ambitions Of Tesla, Ford And Others: FT
- However, keeping in mind the U.S. - China tensions, Potter admits that if American companies "are eventually used as pawns in a wider geopolitical conflict, then Tesla shareholders would likely suffer."
- Potter kept an Overweight on Tesla with a $1,350 price target (57% upside).
- Price Action: TSLA shares are down by 1.76% at $847.31 premarket on the last check Thursday.
