Tesla Bull Adam Jonas' Investor Survey Reveals Overwhelming Negativity Towards EV Giant's Stock, Analyst Firm On His Positive Stance
Portfolio Pulse from Anan Ashraf
Morgan Stanley analyst Adam Jonas conducted an investor survey revealing a negative sentiment towards Tesla Inc (TSLA) stock, with 84 investors expecting it to underperform compared to the S&P through year-end. Despite this, Jonas maintains an overweight rating on Tesla with a $345 price target, viewing the company as an amalgamation of energy, AI, and robotics. Tesla's CEO Elon Musk emphasizes the company's focus on AI and robotics, aiming to change its perception from merely an EV manufacturer.
February 20, 2024 | 3:27 am
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Despite negative investor sentiment revealed by a Morgan Stanley survey, analyst Adam Jonas maintains a bullish stance on Tesla, with a $345 price target.
The negative sentiment from the investor survey could lead to short-term volatility in Tesla's stock price. However, Jonas' continued bullish stance and the emphasis on Tesla's diversification into AI and robotics, as highlighted by CEO Elon Musk, suggest potential for long-term growth. This analysis assumes that the market will eventually align with Jonas' perspective, especially with upcoming updates on Tesla's AI efforts.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100