In a new report, Deutsche Bank analyst Rod Lache discusses the positive impact that the new spending bill could have on Tesla Motors if it gains approval. The new $1.1 trillion bill contains $629 billion in tax cuts, including a proposed extension of the 30 percent Investment Tax Credit for utility, commercial and rooftop solar and stationary storage installations.

Potential Impact

According to Lache, extension of the ITC could propel renewable generation growth in the US, which is bullish for Tesla’s stationary storage business.

The Energy Information Administration now forecasts that the US will generate an additional 174GW of renewable power capacity by 2040. The EIA also predicts that 27GW of solar and wind capacity will be installed by 2020, partially to replace retired coal-fired power plants.

Stationary Storage Demand

Deutsche Bank believes…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!