Tesla’s actions rose 2% on Monday after Morgan Stanley restored the manufacturer of electric vehicles as their main automotive option in the United States, saying that the company’s artificial and robotic intelligence efforts could boost growth even when the main automotive business stumbles.
Sunday’s note was the last one of the analyst Adam Jonas, a veteran from Tesla. Bull, which has praised the company’s impulse beyond cars, since sales face the pressure of high indebted costs in the United States and fierce competition with China byd.
Industry data showed that Tesla sales fell 45% in Europe in January, while general sales of electric vehicles increased 37% in the region. Jonas said that recent setbacks, including the first drop in annual deliveries in Tesla in 2024, pointed out their change of a “purely automotive company to a highly diversified company in artificial and robotic intelligence.”
He reaffirmed its target price of $ 430, one of the highest of Wall Street, which implies a 44% rise compared to the last operation of the action. The comments echoed those of the CEO of Tesla, Elon Musk, who has driven the car manufacturer to robotaxis and artificial intelligence in the last year, even when experts argue that the large -scale adoption of vehicles could take years due to regulatory obstacles and technological limitations.
Tesla’s forecasts remain favorable despite the decline
Jonas is no stranger to the bold predictions of Tesla. In September 2023, he said that Tesla’s supercomputer could increase its market value by almost 600 billion dollars thanks to the advances in Robotaxis.
Since then, the Tesla market value has increased around 150 billion to almost 950 billion dollars. But their actions have followed those of the US market in general this year, falling by 27% as the initial euphoria for the electoral victory of Donald Trump faded, giving way to concerns about the weakening of sales and commitments of the CEO Elon Musk in the White House.
While Musk has promised sales growth this year with the launch of cheaper models, Jonas said deliveries could decrease in 2025, which provides an “attractive entry point.”
In October, Tesla presented her robotaxi, while Musk promoted the progress of her humanoid robot “optimus”, which could eventually have a price of between 20,000 and 30,000 dollars.
Musk has said that Tesla will launch non -driver transport services in California and Texas this year, but did not provide more details.
With Reuters information.
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