（Source of cover image: Predictable Profits）
Recently, Morgan Stanley analyst Adam Jonas raised Tesla’s (NASDAQ: TSLA) target price from the previous $540 per share to $810 per share in an investment report, maintaining an “overweight” rating and setting a record high on Wall Street.
Jonas’ $810 target price is about 10% higher than Tesla’s closing price on Tuesday. According to FactSet, Tesla’s average target price on Wall Street is currently $437.15.
（Source of image: Shutterstock）
A few days ago, Tesla announced its production and delivery figures for 2020, with over 500,000 units produced and nearly 500,000 units delivered, which is outstanding performance considering the global pandemic.
In addition to adjusting the target price, Jonas also raised his sales forecast for Tesla to 5.2 million units in 2030, a 27% increase over the previous forecast of 3.8 million units. Despite the more optimistic adjustment, Morgan Stanley’s estimate is still below Tesla’s own estimate. Previously, Elon Musk stated at the Tesla Battery Day that the company aims to achieve an annual production of 20 million units by 2030.
As of today, Tesla’s stock is priced at $755.98 per share, with a market value of approximately $716.59 billion.
🔗 Information source: Teslarati
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.