Here's How Tesla Stock Could Hit $500

Tesla's (NASDAQ: TSLA) stock could surge as much as 50% from current prices, according to Morgan Stanley.

Analysts at the investment firm say that the electric-vehicle maker's new Cybertruck could be a bigger success than many investors currently expect. They posit that Tesla could sell as many as 100,000 of its new electric pickup trucks by 2024 at an average price of $50,000.

Morgan Stanley also sees the potential for Tesla's business in China to pick up steam. Model 3 cars that are built in China will receive generous state subsidies designed to fuel the growth of electric vehicles in that country, according to a recent report by Reuters.

Source Fool.com