NEW YORK (TheStreet) -- Tesla Motors (TSLA) - Get Report surged on Monday after Morgan Stanley substantially increased its price target. Rambus (RMBS) - Get Report edged higher after the semiconductor licensing company announced it would also begin to produce and market its own line of chips. MobilEye (MBLY) soared after Morgan Stanley raised its price target.

Tesla Motors soared 4.9% to close at $254.99.

The high-end electric vehicle maker surged after Morgan Stanley raised its target price to $465 per share from $280 a share, according to the Financial Times

Adam Jonas, a Morgan Stanley analyst, was cited in a Barron'sreport as having said:

If Tesla wants to make good on its mission to accelerate the world's transition to sustainable transport, we see the move to a shared mobility model as critical. Tesla has been the most outspoken auto company on the use of autonomous technology to improve inefficiencies and safety of today's road transport. 100% of Tesla's cars are electric, connected, and able to "learn" through over the-air firmware updates at any time. No other established automaker can claim this today.

Jonas added he expects the day will eventually arrive when all automakers can expect to receive 100% of their revenue from shared cars or robot-driven vehicles. The analyst also noted that Tesla is well positioned to ramp up the use of shared vehicles with its cutting edge technology.

Rambus jumped 1.4% to finish the day at $13.64.

The memory chip designer and licensing company got a boost after announcing it would begin to sell its semiconductors under its own brand, according to a Forbesreport. Rambus will launch its R+ DDR4 memory chipsets under its own name, rather than license the technology to another company.

Rambus has already started shipping some samples of its new chips to potential customers, according to a Reutersreport. These chips aim to help data centers and companies enhance the performance of their server systems, Reuters noted.

The move to develop and market chips under its own brand is part of a multi-year process that began in 2012, when its new CEO at the time Ron Black announced a desire to get Rambus back on track for innovating new technologies rather than riding on the back of its previous success by licensing its technology, according to a MarketWatchreport.

MobilEye soared 7.6% to wrap up the session at $64.17.

The company, which develops advanced driver assistance systems software for such customers like Tesla, surged after Morgan Stanley increased its price target to $80 a share from $68 per share. 

"Barely a year removed from its IPO, Mobileye is already moving from the first (Penetration) phase of its life cycle to the second (Execution) phase; we expect it to close out with the third phase (Domination) in a few years. We raise our estimates at both ends of our 15-year discounted cash flow," according to the Morgan Stanley analyst note.

MobilEye's share price also hit an all-time high during intraday trading, when it touched $64.48, according to an Investor's Business Dailyreport.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.