As expected, 2011 has been a relatively quiet one for electric car maker Tesla.
But the absence of major product and corporate news has not scared off investors and Wall Street.
Actually, there's been a steady rise in Tesla shares and increasingly positive comments about where the company is headed.
The latest coming in a note from Morgan Stanley. Auto analyst Adam Jonas recently visited Tesla's operations in California and came away with increased confidence about where Tesla is headed. Specifically, Jonas says Tesla is on schedule for Model S deliveries in mid-2012 and progress on the Fremont, California plant is rapid and on plan.
In short, Tesla appears to be on track to deliver what it's forecast.