The news around Tesla being added to the S&P 500 is resonating through the stock world, and today, Morgan Stanley’s Adam Jonas lifted Tesla to overweight and raised his one-year price target to $540 a share.
This is the third edition of our Tesla analyst report cards based on where their TSLA price targets and sell/hold/buy advice would lead you (based on information from tools like tipranks, marketbeat and other research).
If you’re looking for confirmation that the internal combustion engine (ICE) is in jeopardy, ask Wall Street. Shares in electric vehicle maker Tesla are soaring, as the company prepares for a 5-for-1 stock split and possible inclusion in the S&P 500 stock index.
Steve Hanley beat me to writing an article about the advice auto analyst Adam Jonas released last week in which he advised his clients that GM’s electric car business made it a $100 billion company. Steve’s article does a great job touching on what Adam’s argument was, and should be read first to really get the rest of this one.
Morgan Stanley auto analyst Adam Jonas thinks GM could be worth $100 billion — someday. He also thinks Tesla stock will give up a third of its recent gains. Is he right?
Discussing COVID-19 on the company’s Q1 earnings call, Elon Musk confessed that the economic impact of the pandemic “will cause great harm not just to Tesla, but to many companies. While Tesla will weather the storm, other companies will not.” It turns out, Tesla has a long history of succeeding against the odds, but this time the odds are pretty darn long.
This is the most in-depth guide on the internet on Tesla [TSLA] stock analysts on Wall Street and beyond.
Below are a number of top takeaways from Tesla’s latest shareholder letter and conference call. Perhaps these thing stood out to you as well. Perhaps they will light a spark in your brain.
CNBC has reported that Morgan Stanley has added Tesla to its list of “secular growth stocks,” which is the investment firm’s list of 35 companies that it believes will “grow strongly well into the future.”
We solved the few technical snafus we ran into last time and have some really cool new exciting features, as well as a big surprise (which you already read in the title). This quarter we are partnering with Teslanomics and the livestream will take place on the Teslanomics YouTube channel.
