Tesla (TSLA) Rises as Morgan Stanley Upgrades Two-Notches to Overweight

September 17, 2012 6:43 AM EDT
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Price: $241.26 +1.22%

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Shares of Tesla (Nasdaq: TSLA) are notably higher Monday morning as Morgan Stanley upgraded the stock two-notches, from Underweight to Overweight. The firm also boosted its price target from $45 up to $50.

Morgan Stanley said fears of a slower-than-expected introduction of Tesla's Model S are "overdone." Consensus expectations have fallen and shares have been underperforming as a result.

Ahead of the bell, Tesla is up about 7 percent.

For an analyst ratings summary and ratings history on Tesla Motors click here. For more ratings news on Tesla Motors click here.

Shares of Tesla Motors closed at $30.39 yesterday.

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