Tesla Motors Inc (TSLA): Price Target Set To $320

target-date1The stock market had a great week. From the close of market on Friday, Feb. 21, to the close of market on Friday, Feb. 28, the major stock indexes all rose — the Dow by 1.36%, NASDAQ by 1.05%, and the S&P 500 by 1.26%.

Tesla Motors Inc (NASDAQ:TSLA), however, left the indexes in its dust, rising 16.80% for that same one-week time period.

Most of Tesla’s rise for the week came on Tuesday after an analyst at Morgan Stanley more than doubled his price target from $153 per share to $320, saying that Tesla could go beyond the auto industry and become a huge player in energy:

“Tesla’s quest to disrupt a trillion $ car industry offers an adjacent opportunity to disrupt a trillion $ electric utility industry. (Related: Tesla Motors Inc (TSLA) Stock Priced To Perfection)

If it can be a leader in commercializing battery packs, investors may never look at Tesla the same way again.”

The good news kept on coming for Tesla. Tesla’s Model S was the #1 overall pick in Consumer Report’s annual auto issue, based on survey results from more than a million subscribers.

The Model S scored 99 out of 100 points, the highest score ever in a Consumer Report’s survey. [Related: Complete List Of ETFs That Hold Tesla Motors (TSLA)]

And more good news followed. Tesla announced plans for its Gigafactory, which it says will be able to make batteries for 500,000 vehicles per year by 2010, which is 200,000 more per year than analysts had predicted.

The company says that in 2010 the Gigafactory will be producing more lithium ion batteries per year than were produced in the whole world in 2013, and it will lower the cost per kilowatt hour by 30%.

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