door Baptiste Lambert
published on Monday, September 11, 2023 at 7:31 PM •
3 min read
This is the analysis of Adam Jonas and his team at Morgan Stanley, who expect the share price to reach $400 again.
Why is this important?
In addition to Tesla’s good results in the second quarter, Elon Musk announced a new important investment for the supercomputer Dojo, by 2024. This investment should allow the electric car manufacturer to take a decisive step towards autonomous driving and robotaxis. This is the segment where Tesla still has a competitive advantage and could make a difference.
Topical: Morgan Stanley’s report on Tesla’s growth potential.
Adam Jonas sees a growth potential in market value of almost $600 billion. Morgan Stanley has raised its near-term target for Tesla shares by 60 percent to $400, which is close to the 2021 high of $409. If this prediction comes true, Tesla would be worth $1,390 billion, rejoining the club of companies with market value.
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2023-09-11 17:34:22
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