Morgan Stanley analyst Adam Jonas raised his target price on Tesla TSLA,
to $ 810 from $ 540, as he turned to the electric vehicle manufacturer again. “In our opinion, Tesla is still the best-positioned EV and AV company under our coverage because of its people, technology, business model and access to capital. In addition, it is important to note that the company is not involved in environmental commitments. taxing past competition. Put it all together and we believe Tesla’s business model can generate recurring revenue from mobility services faster and more profitably than the competition, “said the analyst. Separately, Barclays analyst Brian Johnson reiterated an underweight call with a price target of $ 230. “With the stock trading at 15x EV / revenue, Tesla stock is trading well above the multiples of the newer EV participants and, in even bigger degree, above multiples of older automakers, ” he said, adding that there is a risk that Tesla will boost unit sales across prices and margins. Tesla closed at $ 735.11 on Tuesday.