Tesla To Follow Nvidia, Amazon Playbook? Bullish Analyst Says Elon Musk's Master Plan 4 Will Detail 'Anything But Cars'
Portfolio Pulse from Shanthi Rexaline
Tesla CEO Elon Musk teased 'Master Plan 4' (MP4), which is expected to focus on AI, robotics, and other technologies beyond cars. Morgan Stanley's Adam Jonas reiterated an Overweight rating on Tesla with a $310 price target, suggesting a 70.73% upside. Jonas believes MP4 will connect Tesla with Musk's other ventures like SpaceX and xAI, and sees potential in autonomy and humanoid robots. Despite current challenges in the EV market, Jonas remains bullish on Tesla's long-term prospects.
June 21, 2024 | 6:14 am
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Morgan Stanley's Adam Jonas reiterated an Overweight rating on Tesla with a $310 price target, implying a 70.73% upside. Jonas expects 'Master Plan 4' to focus on AI, robotics, and other technologies beyond cars, potentially connecting Tesla with Musk's other ventures like SpaceX and xAI.
The reiteration of an Overweight rating and a high price target by a reputable analyst like Adam Jonas is likely to boost investor confidence in Tesla. The focus on AI, robotics, and other technologies beyond cars aligns with market trends and could drive future growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100