Big Bank Ratings | Morgan Stanley: Upgrade Tesla's rating to "overweight" with a target price of $400 as the first choice

格隆汇资讯2023-09-11

Morgan Stanley analyst Adam Jonas released a research report that will upgrade Tesla's rating from "hold" to "overweight" and raise the 12-18 month target price by 60% to $400, which is the highest target price on Wall Street. And replaced Ferrari as the bank's "top choice". Analysts predict that "Dojo", Tesla's supercomputer used to train artificial intelligence models of self-driving cars, could give it an "asymmetric advantage" and add nearly $600 billion to its total market value, an increase of 76%. Dojo can open up new addressable markets far beyond selling cars at fixed prices,...

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