Why This Tesla Bull Feels More Optimistic About Energy Storage Than Robotaxis Or FSD V12
Portfolio Pulse from Anan Ashraf
Morgan Stanley analyst Adam Jonas reiterated a positive outlook for Tesla (TSLA), focusing on its energy storage business despite expecting increased volatility and earnings pressure in the near term. Jonas is optimistic about Tesla's long-term prospects due to its AI and robotics transition, highlighted by the potential of its full self-driving (FSD) software and upcoming robotaxi event. However, he expressed concerns over the immediate impact of FSD and robotaxis commercialization. Tesla's recent report of a year-on-year decline in quarterly deliveries, the first in four years, adds to the near-term challenges. Despite these challenges, Tesla's stock closed up 1.65% at $174.6.
April 12, 2024 | 12:16 pm
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NEUTRAL IMPACT
Adam Jonas of Morgan Stanley maintains a positive long-term outlook on Tesla, emphasizing its energy storage and AI transition, despite near-term volatility and a recent decline in quarterly deliveries.
Jonas's positive long-term outlook, based on Tesla's energy storage and AI capabilities, suggests potential for growth despite near-term challenges like earnings pressure and delivery declines. The mixed view, with optimism for the long-term but acknowledgment of short-term hurdles, leads to a neutral short-term impact score. The recent delivery report and stock performance indicate market sensitivity to both positive and negative news.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100