the recent selloff in tesla incs stock tsla has created a generational investment opportunity in one of the most compelling growth stories said cfra analyst garrett nelson as he believes the electric vehicle market leader has longterm potential similar to technology disruptors such as apple inc aapl and amazoncom inc amzn several year ago nelson believes the stock has been unfairly punished from a broad tech selloff growing recession fears covid19related production issues chief executive elon musks buyout bid for twitter inc twtr and the effect of increasing competition and costs on earnings the stock has tumbled 327 year to date through tuesday while the sp 500 spx has dropped 210 in our view these factors have overshadowed several key positives in the tesla story exceptional operational and earnings execution future production growth from the recent startup of the austin and berlin factories dramatic balance sheet improvement and an impressive pipeline of future products nelson wrote in a note to clients he said longerterm his stock price target of 1200 which implies 69 upside from tuesdays closing price of 71111 will prove conservative