Tesla Motors Inc (TSLA) Is The Most Important Car Company: Adam Jonas
Tesla Motors Inc (NASDAQ:TSLA) has been a hot topic in the news for some time now since Elon Musk made the announcement to open up the patents. Its not just about the announcement, the company has much more to deliver in the coming years and this potential is driving the hype.
Adam Jonas, analyst at Morgan Stanley feels that Tesla Motors Inc (NASDAQ:TSLA) is a great company and he also made a very bold quote which said that Tesla Motors Inc (NASDAQ:TSLA) has grown up to become the most important car company in the world from a novice startup in just two years after the launch of the first model S. This opinion opened up a discussion on CNBC recently and a few of them thought that there is no chance for Tesla Motors Inc (NASDAQ:TSLA) to become the best car company in the world. Josh Brown was the only one who agreed with Jonas opinion and believed that the company is indeed great to invest.
Most of the traders believed that Tesla Motors Inc (NASDAQ: TSLA) definitely has got a great potential to grow, however it has disappointed investors by opening up the patents. The theory of 15 year plan for the price target of the company didn’t impress the analysts and they said that there would be a lot of factors that would come in. There might be new market players bringing in more competition.
Brown supported his bullish approach on Tesla Motors Inc (NASDAQ:TSLA) stating that the company has continued to deliver the targets set by the investors all the time. The company has 28% growth margin and it has been maintaining it throughout, which, according to Brown would attract investments in Tesla Motors Inc (NASDAQ:TSLA).
While Brown said that Tesla Motors Inc (NASDAQ:TSLA) looks technically great, others believed it looked great until the company opened up all the patents. Brown just went on supporting his approach and felt that the announcement of Model X and Gigafactory would surely boost the stock price and Tesla Motors Inc (NASDAQ:TSLA) might make the announcement before Fall.