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In a report published Tuesday, Morgan Stanley analyst Adam Jonas reiterated an Overweight rating on
Tesla MotorsTSLA, and raised the price target from $153.00 to $320.00.
In the report, Morgan Stanley noted, “Tesla's quest to disrupt a trillion $ car industry offers an adjacent opportunity to disrupt a trillion $ electric utility industry. If it can be a leader in commercializing battery packs, investors may never look at Tesla the same way again. Target rises to $320 as our volume assumptions double.”
Tesla Motors closed on Monday at $217.65.
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