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Tesla X to devour premium SUV market: Morgan Stanley report

Tesla X to devour premium SUV market: Morgan Stanley report

Tesla's Model X crossover electric car is going to outsell the company's Model S sedan, and is "ready to feast" upon an unsuspecting premium SUV marketplace, says the financial firm Morgan Stanley. A report this week stated that the much-anticipated, much-delayed X -- not due to be in Tesla stores until the middle of next year -- will be a better car and will deliver better sales to the Palo Alto-based automaker. The value of Tesla stock, thus, should be about $320, well above its current $250, making Tesla "our top pick in US autos." It will also "sweep every Car of the Year award on offer by the automotive media," the report said. Morgan...

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