Tesla (TSLA) Stock: $383 Target And Overweight Rating

Tesla (TSLA) Stock: $383 Target And Overweight Rating
  • The shares of Tesla (TSLA) recently received a $383 price target from Morgan Stanley. These are the details.

The shares of Tesla (TSLA) recently received a $383 price target from Morgan Stanley. 


Price target: $383 


Rating: Overweight:


Analyst: Morgan Stanley analyst Adam Jonas


Jonas adjusted the rating while noting that Tesla is facing its biggest ever competition in China from domestic Chinese EV companies. But Jonas believes that the company is passing through its peak China dependency stage over the next year as capacity growth in the U.S. and Europe will be paired with far higher levels of vertical integration. 


And for the rest of the decade, there will be rapid industrialization of Tesla’s NAFTA and EU supply chains to comply with programs such as the IRA and a potential EU equivalent. This will drive a natural dilution of the role of China in Tesla’s story.