Tesla Bull Asks Investors To Temper Expectations Concerning Robotaxi Day, But Reiterate Stock As Top Auto Pick: 'Continues To Take Steps To Mitigate Downside Risks'
Portfolio Pulse from Shanthi Rexaline
Morgan Stanley's Adam Jonas reiterates Tesla as the top pick in the U.S. auto industry, highlighting its diversification strategy and cost control efforts. Despite a significant drop in Tesla's stock price, the company is praised for mitigating risks and expanding into AI and energy sectors. Expectations for the upcoming Robotaxi Day are muted.
September 06, 2024 | 2:41 pm
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Morgan Stanley's Adam Jonas reiterates Tesla as the top pick in the U.S. auto industry, citing its diversification strategy and cost control efforts. Despite a significant drop in Tesla's stock price, the company is praised for mitigating risks and expanding into AI and energy sectors. Expectations for the upcoming Robotaxi Day are muted.
Tesla is reiterated as a top pick by Morgan Stanley due to its diversification and risk mitigation strategies. The analyst's positive outlook and $310 price target suggest potential upside. However, muted expectations for Robotaxi Day and past stock underperformance temper enthusiasm.
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