Morgan Stanley Reiterates Equalweight Rating & $379 PT on Tesla (TSLA) Following Semi-Truck Launch Event; 'Topped Most of Our Expectations'
Morgan Stanley reiterates Equalweight rating and $379 price target on Tesla Motors (NASDAQ: TSLA), following the company's launch event for new Semi Trucks.
Analyst Ravi Shanker notes a positive outlook on the shares, following the company's launch event, where TSLA presented the future of trucking with Class 8 semi that appear to surpass expectations with regards to cost savings, capability, time to market and performance, thus besting diesel trucks in every measurable way.
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Shares of Tesla Motors closed at $312.50 yesterday.