Tesla shares are trading higher amid the ongoing UAW strikes at the company's Big 3 rivals. Morgan Stanley maintained an Overweight rating and $400 on the stock.
Portfolio Pulse from Benzinga Newsdesk
Tesla shares are trading higher amid the ongoing UAW strikes at the company's Big 3 rivals. Morgan Stanley has maintained an Overweight rating and a $400 price target on the stock.
September 28, 2023 | 4:43 pm
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Tesla's stock is trading higher due to ongoing UAW strikes at its Big 3 rivals. Morgan Stanley has maintained an Overweight rating and a $400 price target on the stock.
The ongoing UAW strikes at Tesla's Big 3 rivals are likely causing a shift in investor sentiment towards Tesla, leading to a rise in its stock price. Additionally, Morgan Stanley's maintained Overweight rating and $400 price target provide positive signals for the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100