NEW YORK (TheStreet) -- Shares of Tesla Motors Inc. (TSLA) are up 2.53% this afternoon to $196.40 after Morgan Stanley (MS) analysts earlier today reiterated their 'overweight' rating and $320 per share price target on the company.
The firm noted that Tesla has done well in light of the recent sell-off in technology stocks.
They also said that while Tesla has increased operating expenditures and that there are still many unknowns about the "gigafactory," they continue to rank the electric automaker as their top pick in original equipment manufacturers and say they are "impressed with how well Tesla's stock is holding up" in light of the issue s they face.
TheStreet Ratings team rates TESLA MOTORS INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TESLA MOTORS INC (TSLA) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and poor profit margins."