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

September 17, 2012 6:43 AM EDT Send to a Friend
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Price: $245.57 -0.86%

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    16 Buy, 10 Hold, 6 Sell

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    Up: 20 | Down: 10 | New: 20
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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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