Morgan Stanley reiterated its overweight rating on Tesla’s stock and a $220 price target this week, ahead of the company’s Cybertruck entering production this summer. Analysts at the firm think the Cybertruck could develop a more cult-like following rather than being a huge financial success, even calling it a “side-show” to the current Tesla success […]
Morgan Stanley has a new pick over Tesla for the top auto stock, with analyst Adam Jonas on Monday calling Ferrari the best buy and changing the firm’s price target on the Italian brand, according to a report from Markets Insider. “We see Ferrari as the most defensive name in our coverage that avoids much […]
Tesla may be experiencing diminished demand, as reported by Morgan Stanley analyst Adam Jonas following Q3 deliveries that did not meet Wall Street’s expectations (via Seeking Alpha), despite setting company record highs. As a result, Jonas reduced his full-year forecast from 1.37 million to just 1.31 million, after being reduced from earlier estimations of 2 […]
Legacy automakers like Ford and General Motors (GM) are scrambling to deliver their first electric vehicles (EVs), and one analyst says Tesla is uniquely poised to overtake them both within the next five years. Morgan Stanley analyst Adam Jonas shared a new note on Wednesday saying he expects Tesla’s revenues to surpass those of Ford […]
Morgan Stanley analyst Adam Jonas upgraded his Tesla price target to $1,300 from a previous target of $1,200, according to The Street. Jonas says it’s the U.S. electric vehicle (EV) maker’s dominance amidst increasing competition that makes it an important stock, despite not being Morgan Stanley’s top EV pick. Jonas said, “We believe there are […]
According to Yahoo Finance, a recent report from investment firm Morgan Stanley Research names Rivian as “the one” to beat Tesla. Rivian, an electric vehicle (EV) startup backed by eCommerce giant Amazon and veteran automaker Ford, went public on November 10 and raised a whopping $11.9 billion USD in funding at an initial offering price […]
Tesla shares gained 1% on Friday after Morgan Stanley justified the beating the electric vehicle (EV) manufacturer’s stock has recently taken, and deemed its current price a ‘buying opportunity’. Shares of Tesla closed up 3.16% at $589.74 USD on Friday. Morgan Stanley analyst Adam Jonas stressed upon his $900 USD price target for Tesla shares, […]