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As anticipation builds for Tesla's upcoming 'We, Robot' event, Wall Street analyst Adam Jonas from Morgan Stanley remains optimistic, assigning an overweight (buy) rating with a price target of $310—representing a potential 27% upside. Despite a recent decline in stock prices after Tesla's mixed Q3 delivery results, Jonas emphasizes Tesla's future potential, particularly its moves towards artificial intelligence and robotaxi services, which could diversify its revenue streams beyond electric vehicle sales.
Source: YAHOO