Morgan Stanley Reiterates Equalweight Rating & $379 PT on Tesla (TSLA) Following Semi-Truck Launch Event; 'Topped Most of Our Expectations'

Morgan Stanley reiterates Equalweight rating and $379 price target on Tesla Motors (NASDAQ: TSLA), following the company's launch event for new Semi Trucks.

Analyst Ravi Shanker notes a positive outlook on the shares, following the company's launch event, where TSLA presented the future of trucking with Class 8 semi that appear to surpass expectations with regards to cost savings, capability, time to market and performance, thus besting diesel trucks in every measurable way.

For an analyst ratings summary and ratings history on Tesla Motors click here. For more ratings news on Tesla Motors click here.

Shares of Tesla Motors closed at $312.50 yesterday.

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