Screenshot 2014-02-25 11.20.54

It is a good day to be a $TSLA owner as the stock shot up to near 250 putting the company at a valuation over $30B. The lift comes via Morgan Stanley analyst Adam Jonas who more than doubled his price target speculating that Tesla’s Gigafactory batteries could wind up powering the US Grid or being a fallback.

Tesla Motors - Morgan Stanley analyst Adam Jonas reiterated an Overweight rating on and raised the price target from $153.00 to $320.00 saying the company’s bid to disrupt the auto industry may also affect electric utilities.

The analyst wrote that, “Tesla is an extremely ambitious company for whom flooding the market with fun-to-drive EVs and giving competitors a headache might not be the endgame. Tesla’s limited addressable market, a long-time bear thesis on the stock, appears well up for grabs here.”

What’s interesting to me here is that the other two named Gigafactory partner companies, Solar City and Panasonic,  (among others, possibly including Apple) are both down as of this writing.

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