Tesla has defied all laws of probability: Steve Grasso

Steve Grasso, Stuart Frankel, joins 'Power Lunch' to discuss companies he's watching amid the coronavirus pandemic.

Shares of the electric automaker soared 9.1% following an upgrade to neutral from underperform at Credit Suisse. The firm said Tesla’s competitive advantage in the electric vehicle world has increased as the coronavirus disruption forces legacy automakers to make tough decisions about product investment. Still, Credit Suisse hiked its price target to $580 per share from $450 per share, which is below Tesla’s current price.

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