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Tesla still holds many valuable apolitical cards, says Morgan Stanley

Morgan Stanley analyst Adam Jonas says that while the disagreement between Elon Musk and President Trump will help Tesla (TSLA) demand and could potentially “alienate multiple sides of the political spectrum,” the company “still holds so many valuable cards that are largely apolitical.” The longer-term vectors that drive the stock’s value have not changed much, and include Tesla’s artificial intelligence leadership, robotics, manufacturing, supply chain re-architecture, renewable power, and critical infrastructure, the analyst tells investors in a research note. Further, Morgan Stanley does not believe the phasing out of electric vehicle tax credits in the “Big Beautiful Bill” is material to the long term outlook for Tesla. It reiterates an Overweight rating on the shares with a $410 price target

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