Morgan Stanley analyst Adam Jonas raised his target price on the Tesla TSLA,
to $ 810 from $ 540, while he reiterated an overweight call to the electric vehicle manufacturer. “In our opinion, Tesla is still the best positioned company in EVs and AVs under our coverage due to its people, its technology, its business model and access to capital. In addition, it is important to note that the company has no passive involvement with the environment that overwhelms its legacy competition. Put it all together and we believe that Tesla’s business model can release recurring revenue from mobility services faster and more profitably than the competition, “said the analyst. Separately, Barclays analyst Brian Johnson reiterated a underweight call with a target price of $ 230. “With the shares trading at 15x EV / sales, Tesla’s shares are trading well above the multiples of the new EV entrants and, to an even greater extent, above the multiples of the legacy automakers “he said, adding that there is a risk that Tesla will drive unit sales on prices and margins. Tesla closed on Tuesday at $ 735.11.
