Tesla (TSLA) PT Raised to $900 at Morgan Stanley Ahead of Q1 Results

April 22, 2021 12:52 PM EDT
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(Updated - April 22, 2021 12:54 PM EDT)

Morgan Stanley analyst Adam Jonas raised the price target on Tesla (NASDAQ: TSLA) to $900.00 (from $880.00) while maintaining an Overweight rating ahead of Q1 results.

  1. Updating the model for the 1Q deliveries of 184,800 which were over 20% above our forecast
  2. Tesla in China. It seems the investor mood towards Tesla’s outlook in China is being ‘dialed back.’ This is a good thing, in our opinion as market expectations for Tesla in China long term are quite a bit too high, in our view...
  3. The immediate priority? Expanding capacity and industrializing the ‘Tesla hegemony’ before the market gets even more crowded

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