Tesla Analyst Outlines 4-Point Plan To Reverse Stock Slide, Says EV Giant Yet To Reach 'App Store Moment'
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (NASDAQ:TSLA) stock has been experiencing a decline, with Morgan Stanley analyst Adam Jonas suggesting a 4-point plan to reverse the trend. The plan includes avoiding earnings disappointment, expanding models, expanding the total addressable market, and changing the narrative. Jonas maintains an Overweight rating and a $380 price target for the stock, indicating a 74% upside from current levels. He also estimates Tesla’s on-the-road-fleet will reach 34 million units by 2030, 69 million units by 2035, and 117 million units by 2040.
November 07, 2023 | 6:20 am
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Tesla's stock has been declining, but Morgan Stanley analyst Adam Jonas suggests a 4-point plan to reverse the trend and maintains a positive outlook for the company.
The news directly pertains to Tesla and its stock performance. The analyst's positive outlook and suggested plan for improvement could potentially boost investor confidence and positively impact the stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100