Adam Jonas, an analyst from Morgan Stanley, maintained the Buy rating on Tesla. The associated price target remains the same with $410.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Adam Jonas has given his Buy rating due to a combination of factors that highlight Tesla’s advancements in autonomous driving technology and its robust charging infrastructure. During a long-distance road trip, Jonas experienced firsthand the capabilities of Tesla’s Full Self-Driving (FSD) system, which managed over 99% of the journey without manual intervention, showcasing its reliability and potential to transform long-distance travel.
Furthermore, Jonas noted the convenience of Tesla’s supercharging network, which seamlessly integrated into the travel experience by providing quick and efficient charging stops. These technological advancements and infrastructure support suggest a strong competitive edge for Tesla in the electric vehicle market, reinforcing Jonas’s positive outlook on the company’s stock.
In another report released on September 12, TD Cowen also reiterated a Buy rating on the stock with a $374.00 price target.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TSLA in relation to earlier this year.