Morgan Stanley Sticks to Its Buy Rating for Tesla (TSLA)

In a report released yesterday, Adam Jonas from Morgan Stanley maintained a Buy rating on Tesla (TSLAResearch Report), with a price target of $220.00. The company’s shares closed yesterday at $181.41.

Jonas covers the Consumer Goods sector, focusing on stocks such as Tesla, Rivian Automotive, and Lucid Group. According to TipRanks, Jonas has an average return of 7.4% and a 48.53% success rate on recommended stocks.

In addition to Morgan Stanley, Tesla also received a Buy from Berenberg Bank’s Adrian Yanoshik in a report issued on January 30. However, on the same day, Bernstein maintained a Sell rating on Tesla (NASDAQ: TSLA).

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The company has a one-year high of $384.29 and a one-year low of $101.81. Currently, Tesla has an average volume of 144.4M.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TSLA in relation to earlier this year. Most recently, in December 2022, Kirkhorn Zachary, the CFO of TSLA bought 13,500.00 shares for a total of $248,940.00.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Tesla, Inc. manufactures and sells fully electric vehicles, solar energy generation systems and energy storage products. It also operates a network of vehicle service centers and Supercharger stations. The company operates through two segments: Automotive and Energy Generation & Storage. Founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003, the company is headquartered in Palo Alto, CA.

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