Tesla Receives A Notable Upgrade From Morgan Stanley, Catapulting The Stock By An Impressive 10% In Just A Single Day
Portfolio Pulse from Zaheer Anwari
Tesla's venture into supercomputing with their Dojo supercomputer has led Morgan Stanley analysts to predict a $600 billion increase in the company's market value. This news resulted in a 10% increase in Tesla's stock in a single day. Morgan Stanley upgraded their stock rating from 'equal-weight' to 'overweight' and set a target for the company's shares within the next 12-18 months, increasing the target by 60% to $400.
September 12, 2023 | 6:48 pm
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POSITIVE IMPACT
Tesla's stock experienced a significant boost following the news of their venture into supercomputing and the subsequent upgrade from Morgan Stanley. The stock opened with a 6% increase and closed the day with a 10% gain.
The news of Tesla's venture into supercomputing and the subsequent upgrade from Morgan Stanley has had a direct impact on the company's stock. The stock opened with a 6% increase and closed the day with a 10% gain, indicating a positive short-term impact.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100