Latest news with #LowAltitudeEconomy
Yahoo
2 days ago
- Automotive
- Yahoo
Analysts Reaffirm Bullish Outlook on Tesla (TSLA), Citing Drone Ambitions and Battery Independence
We recently published a list of . In this article, we are going to take a look at where Tesla Inc. (NASDAQ:TSLA) stands against other buzzing AI stocks on latest news and ratings. One of the most notable analysts' calls on June 4th was for Tesla, Inc. (NASDAQ:TSLA). Morgan Stanley reiterated the stock as 'Overweight.' The firm said in a note on Wednesday that Tesla has the chops to be a player in the drone space. 'Manufacturing, material science, navigation/ autonomy, electric motor development, battery storage, supporting infrastructure and robotics … Tesla has a host of relevant skills to be a factor in the Low Altitude Economy from both a commercial and (potentially) non-commercial perspective.' In other news, Piper Sandler analyst Alexander Potter reiterated an Overweight rating on the stock with a $400.00 price target. The rating reaffirmation followed the company's investor call. Analysts appreciated Tesla's unique approach to vertical integration in the automotive industry, pointing out how it is the only car manufacturer actively working to source batteries at scale without relying on China. They noted how its in-house production of '4680' batteries is at 'almost zero reliance' on Chinese resources. Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives. Overall, TSLA ranks 3rd on our list of buzzing AI stocks on latest news and ratings. While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Automotive
- Yahoo
Analysts Reaffirm Bullish Outlook on Tesla (TSLA), Citing Drone Ambitions and Battery Independence
We recently published a list of . In this article, we are going to take a look at where Tesla Inc. (NASDAQ:TSLA) stands against other buzzing AI stocks on latest news and ratings. One of the most notable analysts' calls on June 4th was for Tesla, Inc. (NASDAQ:TSLA). Morgan Stanley reiterated the stock as 'Overweight.' The firm said in a note on Wednesday that Tesla has the chops to be a player in the drone space. 'Manufacturing, material science, navigation/ autonomy, electric motor development, battery storage, supporting infrastructure and robotics … Tesla has a host of relevant skills to be a factor in the Low Altitude Economy from both a commercial and (potentially) non-commercial perspective.' In other news, Piper Sandler analyst Alexander Potter reiterated an Overweight rating on the stock with a $400.00 price target. The rating reaffirmation followed the company's investor call. Analysts appreciated Tesla's unique approach to vertical integration in the automotive industry, pointing out how it is the only car manufacturer actively working to source batteries at scale without relying on China. They noted how its in-house production of '4680' batteries is at 'almost zero reliance' on Chinese resources. Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives. Overall, TSLA ranks 3rd on our list of buzzing AI stocks on latest news and ratings. While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
4 days ago
- Business
- Yahoo
Tesla could become a major player in drone manufacturing: Morgan Stanley
-- Tesla may be well-positioned to enter the drone and electric vertical takeoff and landing (eVTOL) market, according to Morgan Stanley, which sees a potential $9 trillion total addressable market (TAM) in the 'low altitude economy' by 2050. In a note issued following a Ukrainian drone offensive on Russian air bases, Morgan Stanley called the incident a wake-up call for the strategic role of unmanned systems in the AI era. 'All future wars will be fought with drones,' the analysts wrote, adding that 'China makes more drones in a day than the United States makes in a year.' Tesla (NASDAQ:TSLA) has not disclosed any specific plans related to aviation, but Morgan Stanley said the company has 'a host of relevant skills to be a factor in the Low Altitude Economy from both a commercial and (potentially) non-commercial perspective,' citing Tesla's expertise in battery storage, navigation, autonomy, robotics and manufacturing. Responding to a question on Tesla's first-quarter earnings call, CEO Elon Musk warned: 'Any country that cannot manufacture its own drones is doomed to be the vassal state of any country that can. And we can't – America cannot currently manufacture its own drones.' Morgan Stanley said that if Tesla captures even a fraction of the future eVTOL market, the impact on its valuation could be significant. 'We're coming up with potential preliminary outcomes in the order of $100 per Tesla share on the low-end to approximately $1,000 per Tesla share (or more) on the high end,' wrote the bank. The firm added, 'We don't think investors are prepared for the scope of this revolution,' noting that a single eVTOL could generate the revenue equivalent of 15 ride-share vehicles. Related articles Tesla could become a major player in drone manufacturing: Morgan Stanley Wells Fargo jumps after Fed lifts long-standing asset cap PetroChina to shut down final crude unit at major north China refinery
