Tesla Inc.
"very strong" third-quarter earnings have led Morgan Stanley to raise its price target on the company's stock to $360, from $330, representing a downside around 12% from Friday's prices. Analyst Adam Jonas also upped his expectations for 2020 deliveries to 497,000 vehicles, from 490,000. Tesla is a"must include" stock in an electric-car and sustainability portfolio, Jonas said in a note Friday.
Shouldn't that be dropped to $360?
Just Morgan is a bear. He has such a role.
Short it.
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