Morgan Stanley analyst Adam Jonas raised his target price on the Tesla TSLA,
at $ 810 from $ 540 because he reiterated an overweight call to the electric vehicle manufacturer. “In our opinion, Tesla is still the best positioned company in electric vehicles and electric vehicles under our cover due to its people, its technology, its business model and access to capital. Moreover, it is important to mention that the company does not have links with the environment Put everything together and we believe that Tesla’s business model can unlock revenue from recurring mobility services faster and more profitably than the competition, “the analyst said. Separately, Barclays analyst Brian Johnson reiterated an underweight call with a $ 230 price target. “By trading shares at 15x EV / sales, Tesla shares trade well over the multiples of new EV participants and, to an even greater extent, over the multiples of old vehicle manufacturers,” he said, adding that there is a risk that Tesla will push unit sales over prices and margins. Tesla closed at $ 735.11 on Tuesday.