Targeting Tesla: My Vision for TSLA in 2023

$Tesla Motors(TSLA)$ In the world of financial speculation, having a target price for a coveted stock like Tesla (TSLA) is like setting the coordinates for a voyage into the unknown. Here, I share my vision for Tesla's price by the end of 2023.

**1. My Target: $300 by End of 2023**

First and foremost, my target price for Tesla as we bid adieu to 2023 is set at a modest $300. This might seem conservative to some, but let's delve deeper into the rationale.

**2. Morgan Stanley's Recent Upgrade: A Seal of Approval**

Recently, Morgan Stanley gave Tesla's stock a significant boost by upgrading it to "overweight" from "equal-weight." What's more, they boldly declared it their "top pick," dethroning even Ferrari's U.S.-listed shares. This upgrade, coupled with a target price hike to $400, sent shockwaves through the market.

**3. Immediate Impact on Share Price**

The immediate impact of Morgan Stanley's report was evident on September 11, 2023. Tesla's shares surged by 6% in premarket trading. While such news is undeniably uplifting for Tesla enthusiasts, I am cautious in my optimism. Although the share price rose, I don't foresee it breaking into the $280 territory overnight.

**4. Strong Fundamentals: A Steadfast Pillar**

Tesla's fundamental strength serves as an unyielding pillar of support. The company has been on a revenue growth trajectory over the years, a testament to its enduring appeal and the insatiable global appetite for electric vehicles. This solid financial foundation instills confidence in my target price.

**5. A Glimpse of the Future: Beyond Electric Cars**

Looking ahead, the upside potential for Tesla extends far beyond electric cars. Enter the Dojo supercomputer—a game-changer in the world of AI and self-driving technology. Morgan Stanley's analysts emphasize that Dojo could open up new markets, revolutionizing devices that rely on real-time decision-making based on visual data.

**A Conservative Outlook**

While Morgan Stanley's $400 target is certainly tantalizing, I hold a slightly more conservative outlook. I see Tesla steadily progressing towards my $300 target, primarily driven by its steadfast fundamentals and gradual growth in its core electric vehicle business.

**Morgan Stanley's Perspective: Bold and Visionary**

Morgan Stanley's bullish stance on Tesla is bold and visionary. Their estimates project a market capitalization of approximately $1.39 trillion for Tesla, representing a staggering 76% increase from its current market value of $789 billion. This projection underscores the untapped potential they see in Tesla's ventures, particularly in software and services.

**Dojo: The Driving Force**

Morgan Stanley's confidence is notably rooted in Dojo's capabilities. This supercomputer has the power to transform Tesla's software and services division, opening new revenue streams. Their revenue estimate for Tesla's network services business in 2040 has more than doubled, highlighting the significant role it's expected to play in Tesla's growth story.

**Final Thoughts: A Vision for Tesla's Future**

In closing, I envision Tesla's steady climb toward my target price of $300 by the end of 2023. While the market buzzes with excitement and Morgan Stanley's ambitious projections, my outlook remains cautiously optimistic, grounded in Tesla's robust fundamentals.

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