Tesla (TSLA) Bull Case Raised to $500 at Morgan Stanley, Maintains 'Equal Weight'

(Updated - December 5, 2019 4:24 PM EST)

Morgan Stanley analyst Adam Jonas raised his bull case on Tesla (NASDAQ: TSLA) to $500 from $440 but maintained an Equalweight rating and $250.00 price target.

The bull case was raised to account for the Cybrertruck and a more optimist scenario in China.

The firm said they are not bullish on Tesla long-term.

Jonas' bear case remains $10.

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

Shares of Tesla closed at $333.03 yesterday.

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