/Morgan Stanley’s Adam Jonas raises Tesla price target to a Wall Street high of $810
Morgan Stanley's Adam Jonas raises Tesla price target to a Wall Street high of $810

Morgan Stanley’s Adam Jonas raises Tesla price target to a Wall Street high of $810

Tesla Model 3

Source: Tesla

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Morgan Stanley is the new biggest Tesla bull after analyst Adam Jonas raised his target on the stock to a Wall Street high of $810, up from his prior forecast of $540. The boost follows the electric vehicle maker’s record fourth quarter delivery numbers.

To put his target, which is about 10% above where shares closed on Tuesday, in context, the average Street forecast is $437.15, according to estimates from FactSet.