"Investors Predict Tesla Stock Decline as AI Growth Stock Soars"

1 min read
Source: Yahoo Finance
"Investors Predict Tesla Stock Decline as AI Growth Stock Soars"
Photo: Yahoo Finance
TL;DR Summary

An informal poll of Tesla institutional investors conducted by Morgan Stanley revealed bearish sentiment, with many expecting the stock to underperform over the next 6-12 months due to concerns about AI, revenue growth, and the broader auto industry challenges. Despite this, Morgan Stanley's analyst Adam Jonas reiterated an Overweight rating and $345 price target on the stock, representing an 80% upside, but acknowledged that Tesla will need to overcome various issues facing the EV and auto sectors to achieve this.

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