Morgan Stanley analyst Adam Jonas raised its target price on Tesla TSLA,
to $ 810, from $ 540, as he reiterated an overweight call to the electric vehicle manufacturer. “In our view, Tesla remains the company best positioned in electric and aviation vehicles under our coverage because of its people, its technology, its business model and access to capital. In addition , it is important to note that the company has no relationship with the environment Unite it all and we believe that Tesla’s business model can unlock recurring revenues from mobility services faster and more profitably than the competition ” , said the analyst. Aside from that, Barclays analyst Brian Johnson reiterated a lightweight call with a target price of $ 230. “With shares trading at 15x EV / sales, Tesla shares are trading well above the multiples of new entrants and to a greater extent above the multiples of old carmakers,” he said, adding that there is a risk that Tesla will drive unit sales over prices and margins. Tesla closed at $ 735.11 on Tuesday.