Adam Jonas, an analyst from Morgan Stanley, maintained the Buy rating on Tesla (TSLA – Research Report). The associated price target remains the same with $410.00.
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Adam Jonas has given his Buy rating due to a combination of factors that highlight Tesla’s potential despite current challenges. The company reported a free cash flow that was significantly better than anticipated, which indicates strong financial management and a focus on maintaining liquidity. This positive cash flow performance is crucial as Tesla navigates uncertainties in global trade policies and their impact on the automotive and energy supply chains.
Additionally, Tesla’s commitment to innovation, as evidenced by their plans for a pilot launch of Robotaxi and developments in AI-related projects like Optimus, suggests a forward-looking strategy that could drive future growth. While the company’s core auto gross and operating margins are currently among the lowest in the industry, the focus on cash flow and strategic advancements in technology provide a basis for optimism about Tesla’s long-term prospects.
According to TipRanks, Jonas is a 4-star analyst with an average return of 2.4% and a 48.68% success rate. Jonas covers the Consumer Cyclical sector, focusing on stocks such as Ferrari, Tesla, and American Axle.
In another report released today, Roth MKM also maintained a Buy rating on the stock with a $395.00 price target.