Buy Tesla stock as the EV maker 'checks all the boxes,' says Credit Suisse

The analysts wrote that they expect Tesla shares to recover from their recent pullback, supported by strong fundamentals including volume growth and sustained margin strength

Tesla Inc. rose after analysts at Credit Suisse Group AG upgraded the shares to a buy-equivalent rating, saying the equity market rotation has left the electric-vehicle maker looking attractive.

“We are hard pressed to find a stock that checks all the boxes as Tesla does,” with a good growth story and themes including disruption and decarbonization, analysts led by Dan M Levy wrote in a note to clients on Monday. This year’s growth-stock selloff -- which prompted a 20% slump for Tesla -- has created an opportune entry point to buy, they said.

The analysts -- who have rated Tesla