Morgan Stanley still dreamy over Tesla Motors

|About: Tesla Motors (TSLA)|By:, SA News Editor

As if Morgan Stanley hasn't done enough to kickstart enthusiasm over Tesla Motors (TSLA), analyst Adam Jonas is out with a new bullish report on the EV automaker.

Jonas says his price target of $320 is actually on the conservative side if Tesla can achieve battery cost per kWH of below $150.

The large scale of the planned Tesla gigafactory and lower battery costs is a recipe for exploding revenue, according to MS.

TSLA +2.4% premarket to $256.56.