$400 vs. $24: Can Tesla head to $300 after GLJ questions dojo and fairness of report?
$Tesla Motors(TSLA)$ stock price surged over 10% on Monday under the influence of Morgan Stanley's bullish AI report.
$Morgan Stanley(MS)$, in a research report, designated Tesla as its top pick and raised its target price from $250 to $400, implying over a 45% upside from current price.
We believe that Dojo can add up to $500 billion to Tesla's enterprise value, expressed through a faster adoption rate in Mobility (robotaxi) and Network Services (SaaS).
To learn more about Morgan Stanley’s report on Tesla, you can click to read Tesla Rides AI Wave to $400? MS Analysts Weigh on AI Mojo Dojo
However, GLJ Research founder and CEO Gordon Johnson questioned Morgan Stanley's optimistic analysis in an interview.
Gordon Johnson challenges supercomputing and close connection between $Morgan Stanley(MS)$ and $Tesla Motors(TSLA)$
Where's the tech? 98% of Tesla's gross profit in the second quarter came from car sales.
It's worth noting that Johnson's target price for Tesla is only $24.
Johnson directly challenged Jonas's unrealistic predictions based on Tesla's supercomputing capabilities and suggested that the close relationship between the investment bank and Tesla and Musk might be influencing the upward revision.
1) Unrealistic predictions for supercomputing capabilities
Although the supercomputer began production last month, Johnson highlighted that the rankings of Tesla's driver assistance technology by Consumer Reports and Guidehouse Insights are currently quite low compared to competitors.
2) Morgan Stanley has close connection with Tesla and Elon Musk
Johnson suggested that Morgan Stanley holds nearly 28 million shares of Tesla stock. This raises questions about the fairness of the analysis.
What's your target price for Tesla?
Will the bullish report drive Tesla price up to $300 this week?
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Can tesla go up to $300 this week?(Single choice)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.
🌟🌟🌟It is an exciting day for Tesla's investors as its share price jumped by 10% in just 1 day. However I believe that Morgan Stanley is overly optimistic. Can Tesla's share price hit USD 400? I believe it can but not so soon. Conversely USD 24 is way too low.
I believe that USD 300 is a good possibility within the next few months. Tesla has lots of projects in the pipeline like Cybertruck, Robotaxi, Full Self Driving and Tesla Bot. It is more than just an EV company and has lots of exponential growth ahead.
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I believe
It's worth noting that GLJ Research's founder and CEO, Gordon Johnson, has challenged Morgan Stanley's optimistic analysis. Johnson questioned the feasibility of such predictions, highlighting that a significant portion of $Tesla Motors(TSLA)$
Furthermore, Johnson suggested that $Morgan Stanley(MS)$ has a close connection with Tesla and its CEO, Elon Musk, holding nearly 28 million shares of Tesla stock. This has raised concerns about the fairness and objectivity of the analysis.
Nevertheless, my vote goes to a target price of over $300 for Tesla! Go, Tesla, go!
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Tigers, do u think $Tesla Motors(TSLA)$ will be heading USD300 this week?
Come vote, comment & forward the post o win coinsssss! [Miser]