Will Tesla Robotaxis Be Allowed in China? Analyst Says 'Highly Unlikely,' Investors Should Consider Unavoidable National Security Risks
Portfolio Pulse from Chris Katje
Morgan Stanley analyst Adam Jonas reiterated an Overweight rating on Tesla (NASDAQ:TSLA) with a $310 price target, but expressed concerns about the company's robotaxi technology being allowed in China due to national security risks. Jonas emphasized the importance of Tesla's core auto business and its valuation as an AI company.

July 16, 2024 | 9:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Morgan Stanley analyst Adam Jonas reiterated an Overweight rating on Tesla with a $310 price target, but raised concerns about the company's robotaxi technology being allowed in China due to national security risks. Jonas emphasized the importance of Tesla's core auto business and its valuation as an AI company.
The analyst's reiteration of an Overweight rating and a $310 price target is positive, but concerns about the feasibility of Tesla's robotaxi technology in China due to national security risks could offset this positivity. The emphasis on the importance of Tesla's core auto business suggests that the stock may not see significant short-term movement until these issues are resolved.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100