Tesla Inc. shares got a price target boost from analysts at Morgan Stanley.
Morgan Stanley analyst Adam Jonas increased his price target on the electric carmaker’s stock by $270, to $810 per share. According to Jonas, the clean-energy carmaker is the industry's "chosen one" due to the company’s people, its technology, business model and access to capital.
Jonas also mentioned that Tesla has “no entanglement with the environmental liabilities that burden legacy competition" . The analyst thinks that Tesla's business model has the potential to unlock recurring mobility services revenue faster and more profitability than the competition.