Tesla stock is a new top pick at Morgan Stanley

Investing.com07-29

Morgan Stanley has elevated Tesla (NASDAQ:TSLA) to its "Top Pick" in the US autos sector, replacing Ford (NYSE:F). Analysts project a 40% upside, aiming for a $310 target price, underpinned by several...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2455651045?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-29 15:22","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2455651045","market":"us","top_or_hot":-1,"title":"Tesla stock is a new top pick at Morgan Stanley","media":"Investing.com","content":"<div>\n<p>Morgan Stanley has elevated Tesla (NASDAQ:TSLA) to its \"Top Pick\" in the US autos sector, replacing Ford (NYSE:F). Analysts project a 40% upside, aiming for a $310 target price, underpinned by several...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-stock-top-pick-morgan-072239639.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla stock is a new top pick at Morgan Stanley</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla stock is a new top pick at Morgan Stanley\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-29 15:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-stock-top-pick-morgan-072239639.html><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Morgan Stanley has elevated Tesla (NASDAQ:TSLA) to its \"Top Pick\" in the US autos sector, replacing Ford (NYSE:F). Analysts project a 40% upside, aiming for a $310 target price, underpinned by several...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-stock-top-pick-morgan-072239639.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1429558221.USD","symbol_name":"Natixis Loomis Sayles US Growth Equity RA USD","start_time":0,"source_url":"https://finance.yahoo.com/news/tesla-stock-top-pick-morgan-072239639.html","article_id":"2455651045","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2455651045","pubTimestamp":1722237759,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Morgan Stanley has elevated Tesla  to its \"Top Pick\" in the US autos sector, replacing Ford . Analysts project a 40% upside, aiming for a $310 target price, underpinned by several factors driving firm value and more managed expectations on autos.A significant reason for this new status is Tesla's effective cost-cutting and restructuring efforts. The company's second-quarter results aligned closely with consensus expectations, exceeding Morgan Stanley's predictions when excluding restructuring charges and regulatory credits.The bank explains that with over $0.6 billion in restructuring charges recognized, Tesla has lowered its breakeven point, enabling positive cash flow even with 69% EV capacity utilization last quarter. Tesla's strategic redirection of resources away from auto manufacturing also stands out to Morgan Stanley.Notably, \"Ford management spent far more time on its 2Q conference call discussing EVs than Tesla did.\"Tesla's dominance in the zero emission vehicle  credit marke","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4504":"桥水持仓","BK4581":"高盛持仓","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0823411888.USD":"法巴消费创新基金 Cap","BK4099":"汽车制造商","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","TSLA":"特斯拉","LU0082616367.USD":"摩根大通美国科技A（dist）","F":"福特汽车","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0056508442.USD":"贝莱德世界科技基金A2","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","ZEV":"Lightning eMotors, Inc.","LU0234572021.USD":"高盛美国核心股票组合Acc","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4592":"伊斯兰概念","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2063271972.USD":"富兰克林创新领域基金","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU0106831901.USD":"贝莱德世界金融基金A2","BK4585":"ETF&股票定投概念","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU0823414478.USD":"法巴经典能源转换基金","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4149":"建筑机械与重型卡车","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1548497426.USD":"安联环球人工智能AT Acc","BK4527":"明星科技股","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4588":"碎股","BK4574":"无人驾驶","BK4551":"寇图资本持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC"},"translate_title":"特斯拉股票成为大摩新首选","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ZEV":1,"TSLL":1,"TSLA":1,"F":0.7},"content_text":"Morgan Stanley has elevated Tesla (NASDAQ:TSLA) to its \"Top Pick\" in the US autos sector, replacing Ford (NYSE:F). Analysts project a 40% upside, aiming for a $310 target price, underpinned by several factors driving firm value and more managed expectations on autos.\nA significant reason for this new status is Tesla's effective cost-cutting and restructuring efforts. The company's second-quarter results aligned closely with consensus expectations, exceeding Morgan Stanley's predictions when excluding restructuring charges and regulatory credits.\nThe bank explains that with over $0.6 billion in restructuring charges recognized, Tesla has lowered its breakeven point, enabling positive cash flow even with 69% EV capacity utilization last quarter. Tesla's strategic redirection of resources away from auto manufacturing also stands out to Morgan Stanley.\nNotably, \"Ford management spent far more time on its 2Q conference call discussing EVs than Tesla did.\"Tesla's dominance in the zero emission vehicle (ZEV) credit market is another key factor. The company reported ZEV credit revenue of approximately $2,000 per unit, more than double the recent run-rate.\nAs legacy automakers scale back on EV plans and EPA standards tighten, Morgan Stanley expects Tesla's market position for lucrative ZEV credits to strengthen.\nThe investment bank also highlights Tesla's effective management of exposure to China risks, with China-sourced revenues at 18.2% in Q2 2024. This figure is expected to decline systematically, reaching about 10% of Tesla's auto unit volume by 2030.\nThe increasing contribution from recurring services revenue and Tesla's strong position in the fast-growing energy storage portfolio is also seen bolstering the company's prospects. Services and Other revenues rose 21% YoY, with the Tesla Energy business potentially surpassing the auto sector in value.\nAdditionally, Morgan Stanley sees optionality in new AI and autonomy applications, suggesting that the commercial opportunity in non-auto expressions of AI could be more significant and faster-adopting than autonomous cars. Tesla is positioned at the \"epicenter of the theme,\" making it a compelling investment.\nRelated Articles\nTesla stock is a new top pick at Morgan Stanley\nFutures rise in countdown to Fed verdict, Big Tech results\nBetMGM warns full-year loss will be bigger than previously expected","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2455651045"}