Jones continued his Tesla rant, stating:
But it doesn't end there. Jones says that Morgan Stanley sees "a path to a company with $9.5 billion of sales, $1.2 billion of operating profit and $1 billion of free cash flow by 2020." On the words of Jones, Tesla shares are currently trading at $28.33, up 19.47 percent from yesterday. Hat tip to Dan and Ken!The confluence of structural industry change, disruptive technology, changing consumer tastes and heightened national security creates an opportunity for significant new entrants in the global auto industry.
California dreaming? We don't think so. In our view, the conditions are ripe for a shake-up of a complacent, century-old industry heavily invested in the status quo of internal combustion. The risks are high. So is the opportunity. Enter Tesla.