UPDATE: Morgan Stanley Raises PT on Tesla Motors on Strong Position

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In a report published Tuesday, Morgan Stanley analyst Adam Jonas reiterated an Overweight rating on Tesla Motors
TSLA
, and raised the price target from $47.00 to $103.00. In the report, Jonas noted, “What Tesla has accomplished isn't luck, it's real. Many funds approach an investment opportunity by first asking: does the company do something better or cheaper than anybody else? Tesla is beginning to convince the market it may do both. Competency in technology is migrating to engineering, manufacturing and marketing. Detroit, Munich, Wolfsburg and Toyota City must feel a sense of astonishment… with a hint of anxiety.” Tesla Motors closed on Monday at $87.80.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsMorgan Stanley
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