Morgan Stanley Provides Color on Tesla Motors

Morgan Stanley provided color on Tesla Motors TSLA. In a research report published today, Morgan Stanley stressed that the company's outlook will probably remain grim until the launch of its Model S. In the report, Morgan Stanley states, “Tesla is within one year of its targeted commercial launch of Model S. Until that time, sales volumes and quarterly EPS will likely be poor indicators of future success.” At the moment, the rating agency has an Overweight rating and a price target of $70 placed on the company's stock. On Monday, TSLA added 2.13% to its value to finish the day at $28.77.