As you have probably heard by now, Tesla Motors is suing widely popular BBC program Top Gear. Telsa claims that the episode of Top Gear featuring the Tesla Roadster misrepresented the car and "contained lies and misinformation about the Roadster’s performance, behaviour and reliability," according to Tesla's website on the subject. If Top Gear's test results are really fraudulent it could prove to be very good for Tesla's image as a successful automaker. Now, Morgan Stanley has predicted Tesla's stock to grow to $70- a 200% upside. As of 11:39 AM EST, Tesla (TSLA) stood at $28.30 per share. Morgan Stanley also goes on to predict that Tesla will become America's fourth big automaker behind GM, Ford, and Chrysler, citing the growing demand for electric vehicles amid rising oil prices. They also predict a market penetration of greater than 15% by 2025- with internal combustion engines remaining the majority seller. Considering the amount of EVs on the road today, this could be a monumental growth. Needless to say, the world's roads will look much different in the next 20 years than they do today.Tesla vs Top Gear Website
Source: Street Insider
Pictured: Tesla Roadster. Image courtesy of Tesla Motors.
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