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...

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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":"LU1989772840.SGD","symbol_name":"CPR Invest - Climate Action A2 Acc SGD-H","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":{"LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","BK4588":"碎股","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4574":"无人驾驶","BK4551":"寇图资本持仓","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","TSLA":"特斯拉","BK4581":"高盛持仓","LU2063271972.USD":"富兰克林创新领域基金","BK4504":"桥水持仓","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0106831901.USD":"贝莱德世界金融基金A2","BK4099":"汽车制造商","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0823414478.USD":"法巴经典能源转换基金","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","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","BK4592":"伊斯兰概念","ZEV":"Lightning eMotors, Inc.","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","BK4527":"明星科技股","BK4585":"ETF&股票定投概念","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4149":"建筑机械与重型卡车","F":"福特汽车","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0823411888.USD":"法巴消费创新基金 Cap","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC"},"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":"4.29.1","shortVersion":"4.29.1","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"}