Tesla shares rise 2% as Morgan Stanley backs AI, robotics efforts with 'top pick' status
The note dated Sunday was the latest from analyst Adam Jonas, a longtime Tesla bull who has praised the company's push beyond autos as sales face pressure from high U.S. borrowing costs and fierce Chinese competition including from BYD.
Industry data showed Tesla sales fell 45% in Europe in January while overall EV sales jumped 37% in the region.
Jonas said recent setbacks, including Tesla's first annual deliveries drop in 2024, signaled its shift from an «automotive pure play to a highly diversified play on AI and robotics.»
He reaffirmed his $430 price target, one of Wall Street's highest, which implies a 44% upside to the stock's last trade.
Stock Trading
Maximise Returns by Investing in the Right Companies
By — The Economic Times, Get Certified By India's Top Business News Brand
Stock Trading
Renko Chart Patterns Made Easy
By — Kaushik Akiwatkar, Derivative Trader and Investor
Stock Trading
Candlesticks Made Easy: Candlestick Pattern Course
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Dow Theory Made Easy
By — Vishal Mehta, Independent Systematic Trader
Stock Trading
Market 101: An Insight into Trendlines and Momentum
By — Rohit Srivastava, Founder- Indiacharts.com
Stock Trading
Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading
By — Rohit Srivastava, Founder- Indiacharts.com
Stock Trading
Market 103: Mastering Trends with RMI and Techno-Funda Insights
By — Rohit Srivastava, Founder- Indiacharts.com
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By
