Why This Tesla Analyst Stays Bullish On EV Giant Despite Q3 Delivery Miss
Portfolio Pulse from Anan Ashraf
Morgan Stanley analyst Adam Jonas maintains a positive outlook on Tesla Inc (NASDAQ:TSLA) despite the company's Q3 delivery figures falling below estimates. Jonas has maintained an 'overweight' rating on Tesla stock with a price target of $400, based on expectations that Tesla's supercomputer, Dojo, could unlock new markets for the EV giant. Despite challenges in the rate of EV adoption and potential shifts in sourcing from China, Jonas believes Tesla can address these issues.
October 03, 2023 | 10:38 am
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Despite Tesla's Q3 delivery miss, Morgan Stanley analyst Adam Jonas maintains a positive outlook on the company, citing the potential of its supercomputer, Dojo, to unlock new markets. He has maintained an 'overweight' rating on Tesla stock with a price target of $400.
The analyst's positive outlook on Tesla, despite its Q3 delivery miss, is based on the potential of its supercomputer, Dojo, to unlock new markets. This could have a positive impact on Tesla's stock price in the short term.
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