25 Feb '14, 10pm

Tesla rockets to $259 a share on Morgan Stanley, Consumer Reports announcements [w/video]

Tesla rockets to $259 a share on Morgan Stanley, Consumer Reports announcements [w/video]

we mentioned that Tesla's Gigafactory for batteries might prove to be a good investment opportunity, with its potential to bring cell prices down to a level that could make the forthcoming Tesla Model E affordable, not to mention attractive for massive amounts of renewable energy storage? Well, today the automaker's share price popped – we'd say exploded, but it's not as alliterative – up over 15 percent to hit an all-time $259.20 high. It seems market analysts at Morgan Stanley were way ahead of us, and they have now released a report outlining their decidedly optimistic expectations. Authored by analyst Adam Jonas, the document looks forward to a Utopian future (around 2026, for those anxious for such a thing) where it is predicted that Tesla will enjoy a commanding share of both the battery and autonomous automobile market, and its revenues will be sixty times that of t...

Full article: http://green.autoblog.com/2014/02/25/tesla-stock-share-re...

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