Morgan Stanley increased its bull-case target for Tesla to $840, emphasizing the long-term growth potential of the Tesla Semi and autonomous software revenue streams.
Morgan Stanley raised bull-case target to $840, highlighting long-term potential in Tesla Semi and FSD recurring revenue, but maintains equal-weight rating.
Morgan Stanley analyst Andrew Percoco raised his bull-case price target for Tesla to $840, citing the long-term revenue potential of the Tesla Semi and autonomous software. While maintaining an equal-weight rating, the firm highlights that high-margin recurring revenue from FSD and robot-as-a-service models remains central to the company's future valuation.
The target increase reflects the long-term potential of Tesla's recurring revenue streams, specifically from the Tesla Semi, robotaxis, and Full Self-Driving (FSD) software.