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From Electrek: Tesla’s (TSLA) valuation is not too high when you consider Waymo could be...

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    Tesla’s (TSLA) valuation is not too high when you consider Waymo could be worth $70 billion, says Morgan Stanley

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    Morgan Stanley analyst Adam Jonas, one of the most influential analysts covering Tesla (TSLA), is out with a new note to clients today.

    In the note, he is rethinking the rationale behind Tesla’s growing valuation by comparing it to Waymo, Alphabet’s self-driving car company, and aligning it to a potential successful launch of the Model 3. more…

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