Morgan Stanley analyst Adam Jonas upgraded Tesla to Equal Weight from Underweight with a price target of $460, down from $480. Despite the near term negative economic impacts arising from the COVID-19 crisis, Tesla has sufficient cash and liquidity available to weather the near term disruptions to production and sales, Jones tells investors in a research note. Further, the analyst believes the company’s longer term investment thesis remains intact. The stock at current levels represent a balanced risk/reward profile and reset expectations, contends Jones.