Tesla shares 'can set new highs' by year-end: Morgan Stanley If Tesla Motors Inc.'s TSLA, +0.13% Model X, the upcoming SUV, "does the things we think it can do, we believe this stock can set new highs by year end," analysts at Morgan Stanley said in a note Thursday. They reiterated their overweight rating on Tesla, and their price target of $280 -- 37% upside from Wednesday's close. Tesla has earmarked $1.5 billion in capital expenditures for 2015, 10 times as much as Ford Motor Co. as a proportion of their revenues, but that's worth it as the electric-car maker "has the best opportunity to change the industry fundamentally despite burning cash and having no near-term valuation support," the analysts said. Tesla shares have gained 3.1% this month, but lost 15% in the past three months. marketwatch