Tesla (NASDAQ:TSLA) PT Lowered to $320.00

Tesla NASDAQTSLA is an American multinational corporation that designs, manufactures, and sells high-performance electric vehicles and energy storage systems. The company's stock has been listed on the NASDAQ Global Select Market under the symbol TSLA since June 2013.

On Wednesday, Morgan Stanley published a research note on Tesla NASDAQTSLA, in which they lowered their price target from $345.00 to $320.00. This means that they now believe that the stock is undervalued and could potentially reach this new price within the next year. Morgan Stanley currently has an overweight rating on Tesla's stock, indicating that they believe it outperforms its peers.

Tesla NASDAQTSLA has been the subject of numerous reports in recent months. For example, Guggenheim upped their target price on the company's stock to $400.00 in a report published in May 2021. This suggests that they believe that Tesla's stock is still undervalued and has room for further growth.

It's worth noting that stock prices can be affected by a variety of factors, including company performance, market trends, and broader economic conditions. As such, it's important to consider multiple sources of information when making investment decisions.