As of press release, the stock had risen more than 5% to $231.93
The Zhitong Finance App learned that on Monday, Tesla (TSLA.US) stock price rose. As of press release, the stock had risen more than 5% to 231.93 US dollars. Tesla replaced Ford (F.US) as Morgan Stanley's preferred American auto stock. Morgan Stanley analyst Adam Jonas and his team are optimistic about Tesla's prospects and have given a target price of $310, which suggests that the stock price has room to rise by 40%. They believe that Tesla has made progress in controlling expectations in the automotive business, and that the emerging drivers of the company's value are showing strong performance. Jonas specifically highlighted Tesla's potential monopoly in the zero-emission vehicle (ZEV) credit market, as well as its growing recurring service revenue.