Adam Jonas, an analyst from Morgan Stanley, maintained the Buy rating on Tesla. The associated price target remains the same with $410.00.
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Adam Jonas’s rating is based on Tesla’s strong positioning in the field of physical AI, which includes autonomous vehicles, robotics, and energy storage. These areas are seen as offering significant growth and margin opportunities that surpass the traditional electric vehicle market, which is currently facing challenges.
Jonas highlights Tesla’s unique capabilities in data, robotics, AI, and infrastructure, which position the company favorably compared to its peers. Despite the declining preference for Tesla among interns, Jonas believes that Tesla’s advancements in these key areas make it a top pick in the U.S. auto sector.
In another report released on August 1, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $341.00 price target.