Tesla Stock Price: $880 Price Target Reiterated By Morgan Stanley

By Amit Chowdhry ● April 7, 2021
  • The shares of Tesla (NASDAQ: TSLA) have received a reiterated price target of $880 by Morgan Stanley. These are the details.

The shares of Tesla (NASDAQ: TSLA) have received a reiterated price target of $880 by Morgan Stanley. And Morgan Stanley analyst Adam Jonas maintained an “Overweight” rating on the company shares.

Jonas noted that the $174 billion electric vehicle (EV) infrastructure package that was proposed by the Biden Administration may possibly widen Tesla’s disproportionate advantage over the incumbents and new entrants in the market.

And Jonas believes that investors may have to prepare for an EV infrastructure bill, which features purchase incentives for electric vehicles, charging and manufacturing infrastructures, and grid enhancements that would benefit Tesla and battery-electric-vehicle startups in the near-term. 

Jonas also pointed out that auto investors face greater risks in not owning Tesla shares in their portfolios than owning Tesla shares.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.