BlockBeats News, on June 10, despite a drop in Tesla's stock price, Morgan Stanley analyst Adam Jonas reiterated his "Overweight" rating on Tesla and maintained a target price of $410, highlighting the company's strengths beyond the electric vehicle sector. Jonas stated that although Tesla is currently facing valuation pressures, it has immense growth potential in physical AI capabilities, such as autonomous vehicles, robotics, energy storage, and manufacturing infrastructure. He emphasized that no other company can match Tesla in terms of data, artificial intelligence, robotics technology, and supporting networks. While traditional electric vehicle markets face challenges, Tesla's broader technological ecosystem remains compelling. Jonas also envisioned future synergies among Elon Musk's companies, such as the integration of SpaceX and Tesla vehicles, as well as the collaboration of AI systems like xAI and Optimus. Tesla continues to be his top pick in the U.S. automotive industry. (Jin10)
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