Morgan Stanley has raised Tesla’s price target from $400 to $430, predicting a bull case of $800 based on the company’s robotaxi potential.
The investment bank estimates that by 2030, Tesla's global fleet could cover more than 1 billion miles a day, underscoring the massive scale of its robotaxi concept.
By 2040, Morgan Stanley projects that a Tesla robotaxi fleet of 7.5 million vehicles could produce $1.46 in revenue per passenger mile with a 29% EBITDA margin.
Collection
[
|
...
]