Tesla bulls believe in the electric car maker's strategy, analyst James Albertine told CNBC on Wednesday.
Not only does Tesla sell a fairly upmarket vehicle, Albertine said the company continues to get revenue from its drivers through over-the-air updates and remote upgrades.
"From an automotive perspective they're doing something no one else is able to do in the industry right now," the senior analyst at Consumer Edge Research said in an interview with "Power Lunch."
The trick for Tesla, said Albertine, is to maintain the momentum with the release of the upcoming Model 3, a car aimed at mass-market consumers. "I'm more optimistic they can start to deliver in the single-digit thousands" this year, he said.
Selling new models also gives Tesla a chance to update the public on model progression, Albertine noted.
Shares in Tesla closed up 1.8 percent at $341.01 on Wednesday.
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