Morgan Stanley targets Tesla stock to triple

[Homeslice]

Tesla Motors was upgraded to "overweight" by Morgan Stanley, with a $70 price target. That's more than triple its $23.71 close yesterday. The analyst based his call on a belief that the electric-car maker will become the country's fourth-biggest automaker. TSLA leaps 13 percent before the bell.

4th biggest automaker, huh?

Hmm, does that exclude Japanese companies with factories here?

If not ---- Sorry, never happen.

If yes ---- That's not really an accomplishment

[goof2]

Originally Posted by Homeslice

4th biggest automaker, huh?

Hmm, does that exclude Japanese companies with factories here?

If not ---- Sorry, never happen.

If yes ---- That's not really an accomplishment

I'm sure it doesn't include foreign manufacturers with factories in this country. I suspect it does, but probably shouldn't, include Chrysler.

Either way, when you have the chance to pay $27+ per share for a company that, even with government support, lost over $150 million last year giving them "earnings" of -$3.04 per share you have to do it, right?

[Dave]

No chance whatsoever

[pauldun170]

Social engineering anyone?

Some jerkoff announces "This stock is going to be big!!"
Everyone gets excited..."That stock is going to be big!!!"
Everyone goes and buys the stock because "That stock is going to be big!!"
Stocks price goes up
Everyone rips off their shirt and pinches their nipples "Oh yeah this stock is getting so big!!"
Analyst takes his bonus and buys a new Escalade for the wife and weekend away for the mistress.

After a lil bit, another analyst announces "This new stock is gonna be so big!!"
Everyone dumps the first stock so they can get in on that new stock that's gonna be so big.

[Porkchop]

Sell now....