Tesla Analyst With $24 Price Target Blasts Morgan Stanley's $400 Target: 'Where Is The Tech?'
Portfolio Pulse from AJ Fabino
Gordon Johnson, CEO at GLJ Research, has criticized Morgan Stanley's Adam Jonas for his optimistic analysis of Tesla, which includes an upgrade from Equal-Weight to Overweight with a $400 price target. Johnson, who has a $24 price target on Tesla, questioned the analysis due to Morgan Stanley's close ties with Tesla and Elon Musk. He also pointed out that Jonas's projections on Tesla's supercomputer, Dojo, are unverified and speculative. Tesla shares traded more than 10% higher on Monday.
September 11, 2023 | 9:08 pm
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NEUTRAL IMPACT
Amazon was mentioned in the context of its Amazon Web Services being a cornerstone for its earnings, similar to how Tesla Network Services might contribute to Tesla's EBITDA.
Amazon was mentioned passively in the context of its Amazon Web Services being a cornerstone for its earnings. This does not directly impact Amazon's stock.
CONFIDENCE 75
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
Tesla's stock may face volatility due to conflicting analyst ratings and the speculative nature of projections related to its supercomputer, Dojo. However, the stock traded 10% higher on Monday.
The conflicting analyst ratings and the speculative nature of projections related to Tesla's supercomputer, Dojo, could lead to volatility in the stock. However, the stock's recent performance indicates a positive short-term trend.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100