Morgan Stanley Analyst claims Tesla shares to reach $500 and increase 50% once the anticipated CyberTruck is successful. The analyst Adam Jonas has predicted that Tesla would sell 100,000 Cybertrucks by the end of 2024. “We believe this is a fairly optimistic assumption, given that a pre-order only requires a $100 refundable deposit,” Jonas wrote.
However, this is something different. Morgan Stanley analyst Adam Jonas earlier 6 months ago had said Tesla shares could be worth $10 one piece in a worst-case scenario. Now he has raised his bull case to $500.