Morgan Stanley Upgrades Tesla Stock (but still bearish)

TL;DR

Morgan Stanley has raised their Tesla stock price target to $900 per share, citing strong delivery forecasts and concerns about anti-Tesla sentiment in China.

Transcript

hey i'm stephen and this is solving the money problem if you're new welcome if you're not welcome back so in this video we're reviewing the latest notes from morgan stanley who've recently upgraded their tesla stock price target with a base case of 900 per share and a full case of dollars per share so let's get into the video and by the way since i... Read More

Key Insights

• 🚚 Morgan Stanley's upgraded Tesla stock price target reflects confidence in Tesla's delivery performance and volume forecasts.
• 🇦🇬 The concern over anti-Tesla sentiment in China suggests potential challenges for Tesla's growth in the Chinese market.
• 🤩 Tesla's cost advantages and technological advancements position them as a key player in the EV market.
• 🪡 The focus on sustainably sourced battery manufacturing and supply chain highlights the industry's need for addressing environmental issues.
• ⚾ Morgan Stanley's base case price target of $900 per share is considered conservative by some, indicating the potential for Tesla to surpass expectations.
• 👣 Tesla's track record of meeting and exceeding delivery goals suggests that their ambitious targets for the future may be achievable.
• 🎁 Wall Street's general skepticism towards Tesla's goals may present buying opportunities for investors.

Questions & Answers

Q: What is the new Tesla stock price target set by Morgan Stanley?

Morgan Stanley has raised the Tesla stock price target to $900 per share.

Q: What are the reasons for the upgrade in Tesla's stock price target?

The upgrade is due to Tesla's delivery of more vehicles than expected and adjustments to volume forecasts for the year.

Q: How many units does Morgan Stanley predict Tesla will deliver in 2021?

Morgan Stanley forecasts Tesla to deliver 809,000 units in 2021.

Q: What are some concerns mentioned by Morgan Stanley regarding Tesla in China?

Morgan Stanley is concerned about potential anti-Tesla sentiment in China and the possibility of the Chinese government restricting Tesla's autonomous software in the future.

Summary & Key Takeaways

• Morgan Stanley has increased their Tesla stock price target from $880 to $900 per share.

• The upgrade is driven by Tesla's better-than-expected delivery of vehicles and adjustments to volume forecasts for the year.

• Morgan Stanley acknowledges potential supply constraints but still predicts Tesla to deliver 809,000 units in 2021.