Morgan Stanley eyes Tesla's non-EV potentials in new note
12/28/2023 05:34
Morgan Stanley analyst Adam Jonas is telling investors to "expect another challenging year for the auto business" in a new note on Tesla (TSLA) and its non-auto staples, including the EV maker's ventures into robotics and AI, that could push the stock higher against margin pressures. Jones' team reiterated the "Overweight" rating and $380 price target per share it has on Tesla's stock. Yahoo Finance Autos Correspondent Pras Subramanian breaks down Jonas' note and the outlooks for Tesla and the automotive industry in 2024. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Morgan Stanley analyst Adam Jonas is telling investors to "expect another challenging year for the auto business" in a new note on Tesla (TSLA) and its non-auto staples, including the EV maker's ventures into robotics and AI, that could push the stock higher against margin pressures. Jones' team reiterated the "Overweight" rating and $380 price target per share it has on Tesla's stock.
Yahoo Finance Autos Correspondent Pras Subramanian breaks down Jonas' note and the outlooks for Tesla and the automotive industry in 2024.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.