Did Morgan Stanley Just Give Tesla Motors (TSLA) Investors a Gift?
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Rating Summary:
23 Buy, 27 Hold, 13 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 9 | New: 14
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With shares of Tesla Motors (NASDAQ: TSLA) down 8.4% to $256 today on Morgan Stanley's call that the stock may have gotten ahead of itself, some believe that this could be a gift for long-term focused investors.
Despite today's cautious comments, Morgan Stanley analyst Adam Jonas is still wildly bullish on the stock with an Overweight rating and $320 price target. Arguably he is the biggest bull on the Street. He has a bull case price target of $500, which is based on a thesis that battery economies of scale create material disruption in premium car market with larger inroads into grid storage and 3rd party battery supply.
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