Elon Musk's AI Ambitions Tied To Tesla's Success, Says Morgan Stanley Analyst: 'More Conspicuously Linked'
Portfolio Pulse from Anan Ashraf
Morgan Stanley analyst Adam Jonas emphasizes the critical role of Tesla Inc (NASDAQ:TSLA) in Elon Musk's AI ambitions. Jonas believes Tesla's success in AI will lower capital costs for Musk's other ventures, while failure will increase costs. The upcoming shareholder vote on Musk's 2018 pay package and the potential shift of Tesla's incorporation from Delaware to Texas could drive significant stock volatility.
May 21, 2024 | 12:33 pm
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Morgan Stanley analyst Adam Jonas underscores Tesla's importance in Elon Musk's AI ventures. The success or failure of Tesla in AI will significantly impact capital costs for Musk's other projects. The upcoming shareholder vote on Musk's 2018 pay package and the potential shift of Tesla's incorporation from Delaware to Texas could lead to significant stock volatility.
The analyst's note highlights the interconnectedness of Tesla's success in AI with Musk's other ventures, suggesting that Tesla's performance will have a direct impact on capital costs for these projects. The upcoming shareholder vote adds an element of uncertainty and potential volatility to Tesla's stock.
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