Wall Street analyst revises Tesla (TSLA) stock price with bull case in play
Tesla (NASDAQ: TSLA) CEO Elon Musk’s political affiliation with President-elect Donald Trump is leading to optimism among investors, which has contributed to an upward revision of the company’s stock projection.
Morgan Stanley’s (NYSE: MS) Adam Jonas has revised his target for TSLA, pointing to a possible $500 bull case for the electric vehicle (EV) manufacturer.
In an investor note on November 12, Jonas stated that following Musk’s support for Trump, investor sentiment around the EV maker has shifted.
“Elon Musk’s entry into the political sphere has expanded investor thinking around Tesla’s fundamental outlook,” Jonas said.
This has driven a 40% rally in its stock and pushed shares to a…
