Tuesday, February 25, 2014

Corrected--Forgot to Mention:Morgan Stanley Hikes Tesla Price Target To $320 (TSLA)

Correction: The FP headline said JPM and I did a cut and paste. The upgrade is actually from little brother MS.
Original post:
I hit publish on the post below without including the only bit of information that might actually make you some money.
Sorry.
From the Financial Post:

Tesla Motors Inc soars as Morgan Stanley hikes target to $320
A row of new Tesla Superchargers are seen outside of the Tesla Factory in Fremont, California.
A row of new Tesla Superchargers are seen outside of the Tesla Factory in Fremont, California.
Tesla Motors Inc., the electric-car maker, jumped after Morgan Stanley more than doubled its projected price for the stock to $320, saying the company’s bid to disrupt the auto industry may also affect electric utilities.

The shares advanced 10.09 percent to $239.60 at 9:37 a.m. New York time. Tesla, which last week forecast a more than 55 percent increase in deliveries of its Model S sedans this year, has risen more than sixfold in the past 12 months....MORE
The stock is trading at $246.99 up $29.34.
See also:
FT Alphaville's Deep Dive on Morgan Stanley on Tesla (TSLA)