Mixed views on Tesla stock with Morgan Stanley predicting 88% increase, but uncertainty remains

From Nasdaq: 2024-04-05 15:14:54

Tesla stock is down 60% from its 2021 peak, facing competition and missing Q1 delivery expectations. Analysts argue over its future potential, with Morgan Stanley’s Adam Jonas keeping a $310 price target, expecting an 88% climb. Despite concerns, Tesla retains its title as top EV maker but faces challenges in demand and manufacturing.

Mixed messages on Tesla suggest uncertainty. Morgan Stanley’s bullish view clashes with recent bearish sentiments, leaving investors unsure. A $310 price target may be optimistic, advising caution and waiting for clearer signals. Tesla remains a name to watch, with potential in energy storage and robotics in the long term.

Consider the advice of analysts cautiously. Motley Fool Stock Advisor lists Tesla as a top stock, along with 9 others. With the market in flux, it may be best to monitor Tesla’s performance and industry trends before making investment decisions. Stay informed and watch for emerging opportunities in the ever-evolving market.



Read more at Nasdaq: In Defiance of Recent Rhetoric, 1 Wall Street Analyst Says Tesla Stock Still Has 88% Upside