Morgan Stanley Keeps Overweight on Tesla, $410 Price Target

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $410 price target on Tesla (NASDAQ: TSLA)

“Lessons from the American ‘Enlightenment.’ The recent market calamity due in part to the US tariff situation has raised deeper questions among investors about the state of the US economy, the benefits of advanced AI technology and the evolving geopolitical balance of power.

Within our coverage, no other stock is so clearly identified with the volatile debate around trade and politics as Tesla (rated OW, ‘Top Pick’, $410 price target).

Regardless of the near-term policy path, we believe the march of Embodied AI will see a proliferation of machines embedded with sophisticated robotics that navigate and manipulate 3-dimensional physical space powered by agentic software foundation models.

At the same time, the propagation of humanoid robots – when compounded over 1 or 2 decades – may change the fundamental nature of ‘production’ and how an economy is defined.

The ability to ‘produce’ labor in a factory… as machines make machines with minimal human intervention may alter historical measurements such as dependency ratios, retirement age and GDP per capita.”

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.