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Investing.com - Morgan Stanley (NYSE:MS) has reiterated its Overweight rating and $410.00 price target on Tesla (NASDAQ:TSLA) in a recent research note. According to InvestingPro data, analyst targets for Tesla range from $115 to $500, with the stock currently trading at a P/E ratio of 168.5x.
The firm’s analysis included insights from its summer intern class, which it described as "a window on the preferences of a future generation of business leaders and commercial influencers."
Morgan Stanley’s data revealed that only 5% of its interns listed Tesla as their "most desirable car brand," representing a significant decline from 11% in the previous year.
The research also showed waning interest in Tesla’s robotaxi service among the intern group, with preference falling to 12% from 31% previously.
Despite these declining preference indicators among its intern class, Morgan Stanley maintained its positive Overweight rating and $410.00 price target on the electric vehicle manufacturer.
In other recent news, Tesla has secured a $4.3 billion deal with LG Energy Solution to procure lithium iron phosphate batteries for its energy storage systems. This agreement will see batteries sourced from LG’s Michigan plant from August 2027 to July 2030, with potential extensions. Additionally, Tesla’s board has approved a significant stock award for CEO Elon Musk, granting him 96 million shares of restricted stock under the company’s 2019 Equity Incentive Plan. This award, known as the 2025 CEO Interim Award, is subject to a two-year vesting period, requiring Musk to remain in continuous service as CEO or in an executive officer role.
In a separate development, Piper Sandler maintained its Overweight rating and $400 price target on Tesla, despite a Florida court verdict finding the company partially liable for a 2019 crash. The firm downplayed the potential $243 million obligation, suggesting that media coverage of the verdict was overstated. Furthermore, Samsung (KS:005930) Electro-Mechanics is reported to supply camera modules for Tesla’s Optimus robots, although the report did not cite specific sources. These developments highlight Tesla’s ongoing strategic partnerships and leadership commitments.
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