Tesla (TSLA) Stock Surges on Morgan Stanley Price Hike

The Company designs, develops, manufactures and sells electric vehicle powertrain components to other automotive producers. But that would be nothing compared with Tesla’s (TSLA) next act.

Shares of electric auto company Tesla Motors, Inc. We view this business opportunity as potentially additive to Tesla’s existing model of selling human-driven cars to private owners and see potential for this model to conceivably more than triple the company’s potential revenues by 2029.

At present, there remains a lengthy waiting list, believed to be at the 24,000 mark, for Tesla’s upcoming electric vehicle.

It was the heyday of the late 1990s Internet bubble: In December 1998, a young equity analyst from CIBC Oppenheimer named Henry Blodget threw out the rule book, raising his price target for web retailer Amazon.com from $150 to $400.

Conversely, S&P Capital analyst Efraim Levy maintained a Sell rating on Tesla on August 13 after the company announced a secondary offering of 2.1 million shares of common stock. With the support for the firm on Wall Street, price target upgrades may not be a surprise. In fact, their bull case is a remarkable $611 per share, and their base case is $319 per share-still meaningfully higher than where Tesla shares are trading today. Three months ago the rating mean stood at 1. Model 3 should form the backbone of the electric giant’s Mobility when it gets launched in 2018, according to the report. The Model 3 is required to satisfy all of the other specifications that the company’s lovers are expecting like it has to be beautifully engineered outside and inside, ultra-stylish and cool along with taking in an embarrassment of techno-gadgets, incorporating autonomous functionality.

But Tesla has an advantage in a business area it hasn’t even entered into yet, Jonas says, which is self-driving cars in an on-demand mobility service. “The rapid growth of on-demand marketplaces is reducing the traditional friction of finding customers, enabling a new class of entrepreneurs to find a hungry market for their products and services”, said Alex Chriss, vice president and general manager of Self-Employed Solutions at Intuit.

All of this sounds pretty out there, right? Morgan Stanley now has an overweight rating on the stock. The firm included an “important note” that emphasized the research is based entirely on hypothetical analysis and modeling by its analysts.

Tesla CEO Elon Musk is seen in an undated photo.

The business model of human-driven, privately owned internal-combustion vehicles is fundamentally changing, analysts wrote in a note.

He acknowledged there are very real risks to this Tesla-dominated future. Ford Motor Company (NYSE:F) belongs to Consumer Goods sector. For Tesla to companion with Uber, or for Tesla to create its personal ride-sharing service with autonomous automobiles?