Tesla's $1 trillion value a double bonanza for Musk

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Morgan Stanley Reiterates Overweight and $1,200 PT on Tesla (TSLA) But Says Don't Expect Shares to Trade up to Such a Level in NT

October 26, 2021 8:34 AM EDT

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and a $1,200.00 per share price target on Tesla (NASDAQ: TSLA) after the stock gained 12.66% yesterday to push the market cap over $1 trillion.

Tesla stock soared on the announcement Hertz ordered $4.2 billion worth of EVs to be delivered until the end of 2022. Jonas weighs in with five thoughts on the TSLA stock after the company... More