Morgan Stanley boosts Tesla price target to $430

news.yahoo.com

Morgan Stanley analyst Adam Jonas has raised Tesla's price target to $430, citing the company's shift towards artificial intelligence and robotics. This represents a 50% increase from the stock's recent close of $292.98. Tesla's shares fell nearly 28% in February due to declining electric vehicle sales and concerns over CEO Elon Musk's political involvement. Despite this, Jonas has reinstated Tesla as a top pick in the auto sector. Jonas predicts a potential decline in Tesla's 2025 deliveries, suggesting it may create a favorable entry point for investors. He believes the company's future opportunities in AI and robotics could surpass those in autonomous vehicles.


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