Tesla stock is around $23.99 – down considerably from its $29.36-per-share price set back in November of 2010. Even so, Tesla's stock sits well above General Motors ($19.38), Nissan ($17.47) and Ford ($9.15).
The last time Tesla's status shot up to overweight, Morgan Stanley analyst Adam Jones declared Tesla "America's Fourth Automaker." Jones continued his Tesla rant:
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.