Needham is cautious on Tesla stock following a massive upgrade from Morgan Stanley's Adam Jonas.
Not all analysts on Wall Street are convinced Tesla 's in-house computer technology is enough to push shares higher. A day after Morgan Stanley's Adam Jonas upgraded Tesla to overweight from equal weight with a massive $400 per share price target — suggesting about 61% upside from Friday's close — Needham issued a dissenting take.
mountain Tesla stock. What underpinned the Morgan Stanley upgrade on Tesla was optimism toward the company's effort with Dojo, an in-house supercomputer that is meant to train autonomous driving software. Tesla also makes its own chips to power the technology.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla supercomputer could boost EV maker's market cap by $600 billion -Morgan Stanley By ReutersTesla supercomputer could boost EV maker's market cap by $600 billion -Morgan Stanley
Read more »
Tesla shares climb 5.8% after Morgan Stanley upgrades to buy, citing AI prowess via 'Dojo'Morgan Stanley upgraded Tesla to buy from hold in a note to clients, saying the company's Dojo supercomputer holds 'proprietary technology.'
Read more »
Tesla stock rallies as Morgan Stanley boosts rating, citing AI prowess via 'Dojo'Morgan Stanley upgraded Tesla to buy from hold in a note to clients, saying the company's Dojo supercomputer holds 'proprietary technology.'
Read more »
Tesla rallies as Morgan Stanley upgrades to Top Pick on Dojo supercomputer boost By Investing.comTesla rallies as Morgan Stanley upgrades to Top Pick on Dojo supercomputer boost
Read more »
4 big analyst picks: Tesla a Top Pick at Morgan Stanley on AI mojo By Investing.com4 big analyst picks: Tesla a Top Pick at Morgan Stanley on AI mojo
Read more »
Tesla shares soar 10% after Morgan Stanley upgradeMorgan Stanley upgrades Tesla price target to $400 per share on potential of custom silicon.
Read more »