A Big Upgrade for This Innovative Automaker
In today's edition, industrials editor and analyst Brendan Byrnes discusses a recent upgrade for Tesla from Morgan Stanley's Adam Jonas, who now rates Tesla stock as "overweight" and gives it a price target of $50. Tesla has been doing pretty much everything right with its flagship Model S sedan, and Jonas wrote that worries that the Model S production are ramping up too slowly are "overdone." Still, Tesla remains a speculative play. Watch the following video for more on why Brendan wouldn't bet against Elon Musk and Tesla, but why it's still too early to hop on board.
Tesla could have increasing competition in the electric space from legacy automakers such as Ford, with its electric Focus and Fusion Energi. Does this mean investors should shun Tesla and buy an established automaker like Ford instead? To answer this, one of our top equity analysts has compiled a premium research report with in-depth analysis on right now, and why. Simply to get instant access to this premium report.
The article A Big Upgrade for This Innovative Automaker originally appeared on Fool.com.Blake Bos has no positions in the stocks mentioned above. Brendan Byrnes owns shares of Ford and General Motors. The Motley Fool owns shares of Ford and Tesla Motors. Motley Fool newsletter services recommend Ford, General Motors, and Tesla Motors. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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