Tesla stock: Shares rise on Morgan Stanley upgrade

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cy128
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Joined: Sun Sep 20, 2020 12:38 am

Tesla stock: Shares rise on Morgan Stanley upgrade

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Tesla (TSLA) received an Overweight rating from Morgan Stanley’s Adam Jonas on Wednesday on the basis of the electric vehicle maker’s software and services business.

This is the first time since 2017 that Morgan Stanley has lifted Tesla’s rating to the equivalent of a Buy. Jonas also raised his price target on the stock to $540 from $360. That’s about 22% upside from where the stock closed on Tuesday.
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