Tesla Price Target Raised By Morgan Stanley

Tesla  (TSLA) – Get Report finally has won the favor of Morgan Stanley’s equity research team.

Morgan Stanley analyst Adam Jones on Wednesday raised Tesla to overweight for the first time in more than three years, predicting that the electric carmaker is on the verge of a “profound model shift” from selling cars to generating high-margin software and services revenue.

“To only value Tesla on car sales alone ignores the multiple businesses embedded within the company,” Jonas said in a research note to clients as he upgraded the shares from equal-weight and raised his price target by 50% to $540 from $360, suggesting 22% additional upside for the stock.

In his note, Jonas wrote that Tesla is “on the verge of a profound model shift” from selling cars to generating high margin, recurring software and services revenue, and that its electric vehicle business is Tesla’s and CEO Elon

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Have Senior Democrats Raised Concerns About the Smartmatic Voting Software, as Trump’s Lawyer Claims?

A lawyer representing President Donald Trump in his legal battle challenging the outcome of the presidential election recently said that some congressional Democrats raised concerns in the past about the trustworthiness of election software used in several states.



Rudy Giuliani, Bernard Kerik standing in front of a sign: Rudy Giuliani, a lawyer for President Donald Trump, speaks to the media at a press conference held in the back parking lot of Four Seasons Total Landscaping on November 7, 2020, in Philadelphia, Pennsylvania. On Sunday, Giuliani and another attorney for Trump, Sidney Powell, spoke with Fox News' Maria Bartiromo to discuss allegations of widespread voter fraud during the 2020 election.


© Chris McGrath/Getty
Rudy Giuliani, a lawyer for President Donald Trump, speaks to the media at a press conference held in the back parking lot of Four Seasons Total Landscaping on November 7, 2020, in Philadelphia, Pennsylvania. On Sunday, Giuliani and another attorney for Trump, Sidney Powell, spoke with Fox News’ Maria Bartiromo to discuss allegations of widespread voter fraud during the 2020 election.

Election officials use Dominion Voting Systems in 28 states, including several key battleground states. Members of Trump’s legal team have alleged that the company uses voting software that can be controlled by operators overseas to “steal” elections, much as they alleged the election was stolen from Trump.

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