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Tesla Stock Soars on Buy Rating from Morgan Stanley

 
  •  Ron.Moss
  •  
    Ron.Moss  Ron.Moss
     
      
     
     
     

    Expertise in identifying undervalued companies with strong growth potential. Proficient in conducting thorough financial analysis and market research. Skilled in developing investment strategies that align with clients goals and risk tolerance.

     
 
 
 

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Morgan Stanley analyst Adam Jonas upgraded the electric vehicle giant Tesla % from 'hold' to 'buy' and gave it a target price that jumped from $250 to $400. The upgrade comes after the company announced that it is expanding its artificial intelligence capabilities.

 

"Tesla's autonomous car has been described as the mother of all projects" Jonas said

 

In the quest to achieve driverless driving, Tesla has developed an advanced supercomputing architecture that will push boundaries and may even put it at an asymmetric advantage in a market valued at approximately $10 trillion. Ten trillion dollars is by all accounts a huge and unprecedented number - about the potential revenue from sales of cars driven by robots, if and when this ambition comes to fruition.

 

Tesla is investing billions using AI computing to train its autonomous driving software and try to make self-driving taxis, or "robotaxis," a reality.

 

About two weeks ago it was reported that Tesla will build computers that will contain 10,000 Nvidia processors that will be more powerful than the third strongest supercomputer in the world.

 

The news shows how the adoption of AI technologies is evolving. Nvidia provides the software and is responsible for the technical development of the field, Tesla applies the technology in what may be the first significant field in which artificial intelligence will truly replace humans - autonomous driving.

 
 

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Please note that the article should not be considered as investment advice or marketing, and it does not take into account the personal data and requirements of any individual. It is not a substitute for the reader's own judgment, and it should not be considered as advice or recommendation for buying or selling any securities or financial products.

 
 
 
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Disclaimer: The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.

Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").

This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.