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In a report published Monday, Morgan Stanley analyst Adam Jonas reiterated an Overweight rating on
Tesla Motors IncTSLA, but removed the $320.00 price target.
In the report, Morgan Stanley noted, “Recently when asked about Tesla's stock, Elon Musk admitted he felt the share price was a bit ahead of itself. We agree. We believe the shares are worth $320, but perhaps not so quickly and not for some of the reasons we believe are driving the market.”
Tesla Motors closed on Friday at $279.20.
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