Morgan Stanley on Tesla (TSLA) Robotaxi: 'We had (mistakenly) expected the company to formally launch a highly automated ride-share service back in 2018'

Morgan Stanley's Adam Jonas: 'Tesla and Nvidia: The Journey to AI Supremacy' (TSLA) (NVDA)

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $310.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "In the journey to AI supremacy, there are a number of attributes and gating factors that investors are increasingly locked in on: 1. Data. Tesla recently achieved 1bn miles traveled for its full self-driving (FSD) service. Tesla's fleet drives more miles in 5 minutes than Apple's (now cancelled) autonomous fleet had reportedly driven in a year. By 2030, we estimate Tesla's global vehicle fleet will approach 40 million units in service, driving over 400 billion miles per year. Over 1... More

BofA on Tesla (TSLA): 'We think that Tesla will face mounting profit pressure'

BofA on Tesla (NASDAQ: TSLA): 'We think that Tesla will face mounting profit pressure'.

The analyst comments "We think that Tesla will face mounting profit pressure from a weaker demand environment. Unless TSLA taps into new geographical markets, we see it hard... More

Tesla (TSLA): Analysts at Jefferies, Piper Sandler see 2024 sales drop

Both Piper Sandler and Jefferies analysts see Tesla's (NASDAQ: TSLA) 2024 sales declining following last week's disappointing first-quarter delivery numbers.

Piper Sandler analysts maintained an Overweight rating but cut their price target for Tesla to $205 per share from $225 per share.

In a research note, the firm told investors that they now expect 1.799 million deliveries in 2024, a... More

Tesla (TSLA) PT Lowered to $205 at Piper Sandler

Piper Sandler analyst Alexander Potter lowered the price target on Tesla (NASDAQ: TSLA) to $205.00 (from $225.00) while maintaining a Overweight rating.

The analyst comments "We're writing this report for two reasons. First, we're cutting our estimates and DCF based price target, to reflect... More

Tesla (TSLA) PT Lowered to $165 at Jefferies

Jefferies analyst Philippe Houchois lowered the price target on Tesla (NASDAQ: TSLA) to $165.00 (from $185.00) while maintaining a Hold rating.

The analyst comments "More drama into Q1 results, with recurring questions about product priorities and leadership. We reduce FY EBIT/EPS c.30% to... More

Is Tesla Robotaxi the first step in shifting the core business? Morgan Stanley answers

With Tesla (NASDAQ: TSLA) CEO Elon Musk tweeting last week that the electric vehicle giant will unveil its robotaxi on August 8, Morgan Stanley analysts questioned in a note whether it could be the first step in shifting the core business.

The announcement coincided with a Reuters report that the company is delaying the launch of its highly anticipated affordable Model 2 EV. However, Musk quickly dismissed the article from... More

Canaccord Ask Tesla (TSLA) Full Self-Driving: 'we see additional price cuts as necessary for a material change in FSD penetration'

Canaccord Genuity analyst George Gianarikas reiterated a Buy rating and $234.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "How much would you pay for Tesla FSD? The rate of Tesla FSD penetration is critical to the company's margin trajectory, but FSD... More