Tesla May Pop 50% If China, Cybertrucks Succeed, Analyst Says
The Tesla Cybertruck in Hawthorne, California, on Nov. 21, 2019.
Photographer: Frederic J. Brown/AFP/Getty Images
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Tesla Inc. shares may rise to as much as $500 if its Cybertruck becomes a success and sales in China pick up pace, Morgan Stanley analyst Adam Jonas wrote in a note to clients on Thursday, boosting his bull case for the stock.
The analyst raised his most optimistic scenario to $500 from $440 per share, saying it reflected $20 from the new pickup truck that was unveiled on Nov. 21 and $40 from incremental volume and profit in China.