Morgan Stanely raised its TSLA (NASDAQ: TSLA) bull case to US$500 because of Elon Musk’s Cybertruck and Tesla’s Gigafactory 3 production volume. Despite its new optimistic outlook on TSLA shares, Morgan Stanely maintains a bear case of US$10 for the electric car maker and still believes Tesla stock is overvalued in general.
TSLA short, Adam Capital, surrendered its bear position after Tesla's surprising Q3 earnings results. More shorts have thrown in the towel recently. It seems Elon Musk finally delivered TSLA bears' the burn he promised back in May 2019--in true Elon fashion.
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