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Tesla’s Next Trillion-Dollar Industry (TSLA)

Morgan Stanley’s Adam Jonas sees huge opportunities for growth in Tesla.

“Tesla’s quest to disrupt a trillion $ car industry offers an adjacent opportunity to disrupt a trillion $ electric utility industry,” he wrote in a new note to clients. “If it can be a leader in commercializing battery packs, investors may never look at Tesla the same way again.”

Jonas raised his target on Tesla to $320 from $153. The stock closed at $217 Monday, and it’s up 6% in pre-market trading.

Jonas’ thesis isn’t too crazy.
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