What happened
So what
Shares of Tesla ( NASDAQ:TSLA) are rising sharply again, following an 8% gain on Tuesday. The electric-car maker's stock is up following Morgan Stanley analyst Adam Jonas' decision to increase his price target on the stock by $180.
Now what
Jonas now has a 12-month price target of $540 on Tesla shares, up from a previous target of $360. The analyst's increased bullishness on the stock comes as he adds software and connected vehicle services revenue to his forecasts for the company.
