Tesla Stock Surges: Can It Shake Up Utilities, Too?

Tesla's stock rose more than 15% on Tuesday morning after a Morgan Stanley analyst speculated that the company's technology could be used to disrupt the utilities industry.

"Tesla’s quest to disrupt a trillion-dollar car industry offers an adjacent opportunity to disrupt a trillion-dollar electric utility industry," Adam Jonas wrote in a new note to clients, according to Business Insider. "If it can be a leader in commercializing battery packs, investors may never look at Tesla the same way again." Jonas raised his target on Tesla to $320 from $153.