(NASDAQ: TSLA) shares surged nearly 5% Tuesday morning, getting a boost from some recent electric vehicle (EV) sales data. The stock also received support from a bullish call by a Wall Street analyst.
Tesla shares pared some of the early gains with the stock trading higher by 2% as of 2:22 p.m. ET.
In a recent report, Morgan Stanley analysts raised Tesla's price target from $400 to $430 per share. They also offered a bull case scenario on which the firm applies a price target of $800 for Tesla based on its robotaxi potential.
Source Fool.com