TeslaIt rose slightly before trading, expanding to 3.85%, and the share price is bound to hit a new high at the start of trading.
Morgan StanleyAnalyst Adam Jonas released a research report, reiterating Tesla, Inc. 's "overweight" rating and sharply raising the target price to $1200. Tesla, Inc. has overcome unprecedented supply shortages in the industry and achieved "extraordinary" sales growth, the analyst said.
Morgan Stanley expects Tesla, Inc. to deliver 8.1 million vehicles in 2030, compared with a previous estimate of 5.8 million.
In addition to the rise in car sales, Jonas believes Tesla, Inc. 's software business and technology in areas such as insurance and battery supply should help him become a "champion" in cars and energy in the long run.