Morgan Stanley maintains a "neutral" rating on Tesla, optimistic about the growth prospects of its solar energy business.
Morgan Stanley reiterated its "neutral" rating and $415 price target on Tesla, citing the company's plan to add 100 gigawatts of solar manufacturing capacity.
The firm estimates that Tesla's solar project could add $20 billion to $50 billion in equity value to Tesla's energy business. While the project itself is not expected to be disruptive, this investment is expected to unlock long-term growth potential and alleviate energy bottlenecks, thereby helping Tesla achieve its broader goals.
$Tesla(TSLA.US)
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