Morgan Stanley analyst Adam Jonas has maintained their bullish stance on TSLA stock, giving a Buy rating yesterday.
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Adam Jonas has given his Buy rating due to a combination of factors that highlight Tesla’s potential for innovation and market expansion. One of the key reasons is the anticipation of new product reveals, such as the possibility of Tesla entering the aviation sector, which has been hinted at by Elon Musk. This potential diversification into aviation could open new revenue streams and expand Tesla’s technological influence.
Additionally, the introduction of an affordable electric vehicle model could help Tesla maintain its market share despite the expiration of certain EV incentives and regulatory credits. This move could be a strategic step towards Tesla’s long-term goal of focusing on autonomous vehicles. Furthermore, the potential release of a new Roadster could showcase Tesla’s advancements in propulsion and aerodynamic technologies, reinforcing its position as a leader in innovation.
In another report released yesterday, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $355.00 price target.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is neutral on the stock.