Morgan Stanley Doubles Down on Tesla: Price Target Soars Amid Mobility Aspirations
Morgan Stanley's analyst Adam Jonas has upgraded the Tesla stock price target from $400 to $430, keeping an 'Overweight' rating. This move underscores Tesla's potential to shift its revenue model from traditional vehicle sales to pioneering mobility services, particularly in the realm of autonomous 'Robotaxi' services. Jonas envisions Tesla's fleet reaching 1 billion miles daily by 2030, with significant vehicle deployment by 2026. This optimistic projection, however, remains higher than the current market consensus.
Jan 17