Morgan Stanley praises Tesla for its AI potential

cnbc.com

Morgan Stanley has named Tesla a top pick, focusing on its potential in robotics and AI rather than just electric vehicles. Analyst Adam Jonas set a price target of $430, suggesting a 46.8% upside for the stock. Jonas noted that Tesla's auto deliveries have been below expectations, indicating a shift from a pure automotive focus to a broader AI and robotics strategy. He believes Tesla's humanoid robots could significantly impact the stock's value. Despite a challenging year for Tesla shares, which have dropped over 27%, Jonas sees growth opportunities in energy storage and robotics. Tesla shares rose 2% following his announcement, but analyst opinions on the stock remain mixed.


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Morgan Stanley praises Tesla for its AI potential | News Minimalist