Morgan Stanley raises Tesla’s target price to $ 810, while Barclays reiterates $ 230 view

Morgan Stanley analyst Adam Jonas raised his price target on Tesla TSLA,
+ 0.73%
to $ 810 from $ 540 as he reiterated an overweight appeal on the electric vehicle maker. “In our opinion, Tesla is still the best positioned electric and AV company under our coverage due to its people, technology, business model and access to capital. In addition, it is important to note that society has no connection with the environment. Liabilities that weigh on its inherited competition. Put it all together and we believe Tesla’s business model can unlock recurring mobility service revenues faster and more cost effectively than the competition, ”the analyst said. Separately, Barclays analyst Brian Johnson reiterated an underweight call with a price target of $ 230. “With stocks trading at 15x EV / sells, Tesla’s shares are trading well above multiples of new entrants EV and, to a greater extent, above multiples of traditional automakers,” he said. he said, adding that there was a risk Tesla will push unit sales. on prices and margins. Tesla closed at $ 735.11 on Tuesday.