Morgan Stanley analyst Adam Jonas notes Tesla’s highly anticipated “We, Robot” event demonstrated its cybercab as expected but overall disappointed expectations on a number of areas, namely a lack of data regarding rate-of-change on FSD/tech, ride-share economics and go-to-market strategy. The firm has an Overweight rating on the shares with a price target of $310.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSLA:
- Cathie Wood’s ARK Investment buys 12.7K shares of Tesla today
- S&P 500 Closes Above 5,800 for the First Time
- ‘Load Up on Weakness,’ Says Daniel Ives About Tesla Stock
- Tesla lower after ‘underwhelming’ robotaxi launch event: Morning Buzz
- JPMorgan sees ‘material downside risk’ for Tesla shares after event