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Mizuho gives Tesla a buy rating, says battery program will sustain it as an electric vehicle leader

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Tesla CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, east China, Jan. 7, 2020.
Ding Ting | Xinhua News Agency | Getty Images

Tesla's success in batteries should ensure that it remains a leader in the electric vehicle market and makes its stock a smart buy for investors, investment firm Mizuho said Wednesday.

Mizuho began coverage of the volatile electric vehicle stock with a buy rating, saying in a note to clients that the company is well positioned to take advantage of the expected boom in clean energy vehicles and expand into related businesses.

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