Tesla Surges on Morgan Stanley upgrade that sees $600 billion AI boost
Published by
The Street
The Street
By Martin Baccardax Tesla (TSLA) – Get Free Report shares moved firmly higher Monday following an upgrade from top Wall Street analyst Adam Jonas tied to the potential of automaker’s ‘DoJo’ supercomputer. Morgan Stanley analyst Adam Jonas added 60% to his previous Tesla price target, boosting it to $400 per share, the highest on Wall Street, and lifted his rating to ‘overweight’ from ‘equal-weight’ based on the assumption that the DoJo supercomputer could add half a billion to Tesla’s market value “through a faster adoption rate in Mobility (robotaxi) and Network Services (SaaS). Tesla CEO Elo…