Morgan Stanley's most optimistic scenario would mean that the Tesla rally continues, with shares climbing another 50%.
Morgan Stanley raised its "bull case" scenario for Tesla shares to $1,200 a share from $650 a share.But Morgan Stanley's overall view continues to be that Tesla's stock will fall, as the firm stuck by its underweight rating and has a price target of $500 a share.Morgan Stanley raised its "bull case" scenario forTesla shares have more than tripled in the past six months.
"Our new bull case reflects 4 million units of auto volume by 2030 with a 12% operating margin. This compares with our base case forecast of 2.2 million units and a 10% OP margin by 2030," Jonas said.
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