Morgan Stanley predicts Tesla will make almost twice as much money as Uber in 5 years, by one measure
opened at $33). But Morgan Stanley, whose price target for Tesla is $650, cautioned that investors' expectations for Tesla may be too high.
"We believe $1,000/share discounts outcomes that, while plausible, may ignore a host of execution/market risks," the bank said in its Monday note. Morgan Stanley currently gives Tesla an "underweight" rating, which means the bank expects Tesla shares to produce a lower return over the next 12-18 months than those of other companies in its industry.
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