Reported about 14 hours ago
Morgan Stanley analyst Adam Jonas predicts Tesla's stock could rise to $430 as the company expands into artificial intelligence and robotics, despite a recent slump in EV sales. Following a significant drop in February, Tesla's shares fell again by 2.8% on Monday, although they initially climbed 2% after Jonas' forecast. Despite potential declines in deliveries for 2025, Jonas believes Tesla is transitioning into a diversified player in technology, setting an optimistic price target of $800 in a bull case scenario.
Source: YAHOO