Tesla's stock has been positively rated by major financial firms, with Piper Sandler reiterating an Overweight rating and setting a price target (PT) of $295. Morgan Stanley, highlighting Tesla's dual identity as both a car manufacturer, accounting for 94% of its revenue, and an AI company, remains bullish for 2024. Despite some skepticism due to Tesla's current AI revenue standing at 0.0%, with energy revenue at 6%, Morgan Stanley's Adam Jonas sees the AI potential as a significant factor that could offset margin pressures, setting an Overweight rating with a $380 PT. The discussion around Tesla's role in revolutionizing industries with game-changing AI and bots suggests a transformative future for the company.
Tesla's stock (TSLA) gets boost from 'beyond an automaker' scenario https://t.co/YP5MCaSt5z by @fredericlambert
The Future of Tesla Revolutionizes Multiple Industries with Game-Changing AI & Bots @tslabeatpodcast @herbertong @HansCNelson @_SFTahoe https://t.co/wK4LayBsjI
⚠️JUST IN: *MORGAN STANLEY SAYS TESLA $TSLA IS BOTH A CAR AND AI COMPANY, REMAINS BULLISH FOR 2024 DO YOU AGREE? https://t.co/ON4D5TqPpP
Morgan Stanley reiterated an Overweight rating and $380 PT on $TSLA! 🏣🎯 https://t.co/MlKA4hsn7k #Tesla #EV #AI https://t.co/k9BOPTOvGJ
Tesla higher as Morgan Stanley sees AI potential offsetting margin pressure https://t.co/UaZtDS6uq7
NEWS: Morgan Stanley's Adam Jonas has released a new $TSLA note: "Many investors still debate the merits of Tesla as ‘more than an auto company.’ In our opinion, Tesla is definitely an auto company. It is also an AI company. Think ‘and’ not ‘or.’ "Other thoughts and events… https://t.co/yd8KIJ7syT
Auto revenue: 94% Energy revenue: 6% AI revenue: 0.0% But yeah, $TSLA is "an AI company," lol. https://t.co/euMrNbd5Ow
Morgan Stanley says Tesla $TSLA is both a car and #AI company, remains bullish for 2024 https://t.co/gMqjrIvRPd https://t.co/QQLOPNlZH0
Piper Sandler reiterated an Overweight rating and $295 PT on $TSLA! ⚡️🎯 https://t.co/MlrKKsDDGj #Tesla #EV https://t.co/5yLA76HgEB