Morgan Stanley sees Tesla stock reaching $430, reinstates as top pick over AI, robotics play
Morgan Stanley analyst Adam Jonas said Monday sees shares of Tesla (TSLA) rising to $430 as it diversifies into artificial intelligence and robotics.
Shares of the EV maker plummeted almost 28% in February as the company’s EV sales slumped, leaving investors to wonder whether CEO Elon Musk’s involvement in politics was turning off buyers.
Tesla stock fell over 2.8% on Monday amid a broader tech sell-off; shares initially rose 2% as Jonas’ note circulated across Wall Street.
Jonas predicts Tesla’s full-year 2025 deliveries could decline year over year, “creating an attractive entry point” for investors. The analyst reinstated Tesla as a top pick for the auto sector, with a price target of $430, about a 50% increase from Friday’s close…
