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Gordon Johnson, founder and CEO at GLJ Research, called into question on Monday the optimistic analysis of Morgan Stanley's Adam Jonas on Tesla Inc
Analysts led by Adam Jonas lifted their price target on the automaker's shares to $810 from $540, implying a 10% climb over the next 12 months from Tuesday's closing level. The new target is now the highest among Wall Street analysts and follows Tesla's 740% surge in 2020. Morgan Stanley also boosted its forecasts for deliveries to 5.2 million vehicles by 2030 from 3.8 million. The range of possibilities is "admittedly high," but Tesla is still poised to outperform its rivals in the new year, the analysts said in a note to clients. Advertisement Better-than-expected deliveries in the fourth ...