Morgan Analyst Analyst Expects AI Growth To Weigh Heavier On Power Grid Than EVs
Portfolio Pulse from Anan Ashraf
Morgan Stanley analyst Adam Jonas highlights the significant impact of AI growth on the power grid, which could affect Tesla and other automakers. The projected increase in data center power usage is equivalent to adding 59 million EVs to U.S. roads. Tesla's energy generation and storage segment could aid in managing this increased power demand.
June 07, 2024 | 12:43 pm
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NEUTRAL IMPACT
Morgan Stanley analyst Adam Jonas suggests that the rapid growth of AI will significantly impact the power grid, which could affect Tesla's operations. Tesla's energy generation and storage segment may help mitigate these effects.
The analyst's projection of increased power demand due to AI growth could strain the power grid, impacting Tesla's EV production. However, Tesla's energy storage segment may help mitigate these effects, leading to a neutral short-term impact.
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IMPORTANCE 80
RELEVANCE 100