Morgan Stanley: Maintain Tesla's "overweight" rating, optimistic about the breakthrough of AI ecosystem

Odaily News Despite the decline in Tesla's stock price, Morgan Stanley analyst Adam Jonas reiterated his "overweight" rating and $410 price target on Tesla, noting that it also has advantages in areas other than electric vehicles. Jonas said that despite the recent valuation pressure on Tesla, it has huge growth potential in physical AI capabilities, such as self-driving cars, robotics, energy storage and manufacturing infrastructure. He believes that no other company can match Tesla in data, artificial intelligence, robotics and support networks. Despite the resistance faced by traditional electric vehicles, Tesla's broader technology ecosystem remains compelling. Jonas looks forward to future synergies between Musk's companies, such as the integration of SpaceX and Tesla vehicles, and the collaborative work of artificial intelligence systems such as xAI and Optimus. Tesla remains his top choice for the US auto industry. (Jinshi)