Tesla Bull Explains Why Elon Musk's xAI Is Critical To EV Maker's Autonomous Ambitions
Portfolio Pulse from Shanthi Rexaline
Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $310 price target for Tesla, highlighting the importance of Elon Musk's xAI in Tesla's autonomous ambitions. xAI's compute resources, including Nvidia's H100s, are crucial for Tesla's AI development. Tesla's competition with Waymo in the robotaxi space is intensifying.
September 19, 2024 | 6:58 am
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NEUTRAL IMPACT
Waymo, a subsidiary of Alphabet, is a key competitor to Tesla in the robotaxi space. Its recent expansion efforts highlight the competitive landscape in autonomous vehicles.
Waymo's expansion in the robotaxi space is a competitive factor for Tesla, but the direct impact on Alphabet's stock is less pronounced. The news highlights the competitive landscape in autonomous vehicles.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 30
POSITIVE IMPACT
Nvidia's H100s are a key component of xAI's compute cluster, which is critical for Tesla's AI development. This highlights Nvidia's role in supporting Tesla's autonomous technology ambitions.
Nvidia's H100s are integral to xAI's compute cluster, which supports Tesla's AI development. This connection underscores Nvidia's importance in the AI and autonomous vehicle sectors, potentially boosting its stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $310 price target for Tesla, emphasizing the critical role of xAI in Tesla's autonomous ambitions. xAI's compute resources are vital for Tesla's AI development.
The analyst's reiteration of an Overweight rating and a $310 price target is a positive signal for Tesla's stock. The emphasis on xAI's role in Tesla's autonomous technology development suggests potential growth in this area, which is crucial for Tesla's future valuation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100