Morgan Stanley

Tesla Cybertruck Likely to Be ‘Cult Car’, Says Morgan Stanley

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 Picks Ferrari Over Tesla as its Top Auto Stock

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 Sees Price Target Cut by Morgan Stanley to $350

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 […]

Tesla Price Target Raised to $1,300 By Morgan Stanley

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 […]

Rivian Seen as ‘the One’ to Challenge Tesla, Says Morgan Stanley

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 […]