ZnWC wrote a post · Sep 10 04:23

"Muskonomy" & Morgan Stanley maintains Overweight rating on Tesla shares

$Tesla (TSLA.US)$ $BYD COMPANY (01211.HK)$ $NIO Inc (NIO.US)$ $XPeng (XPEV.US)$

1) Morgan Stanley has reaffirmed its Overweight rating and $310.00 price target for Tesla. The firm's position follows a Wall Street Journal report on discussions between Tesla and Elon Musk's AI startup regarding potential licensing and revenue sharing. Musk clarified that the article's summary was inaccurate.

2) The analyst from Morgan Stanley highlighted the growing importance of AI to Tesla's valuation, indicating that AI contributions to the company's share price are seen as more significant than its electric vehicle (EV) technology.

3) Saywer from X.com reported about Morgan Stanley’s Adam Jonas on the concept of "Muskonomy"

“We note that the value of Elon Musk’s non-Tesla stakes may be reaching parity/exceeding the value of his Tesla shares. We urge Tesla investors to expand their analysis of the company’s operational and strategic outlook to include scenarios that may potentially involve Mr. Musk’s other interests outside the company.”

4) My Take:

• We have underestimated the value of "Muskonomy" on Tesla stock - see diagram.

• WSJ has not accurately reported (again) Tesla on adopting the technology of XAI. The article may be used by Tesla haters (or someone) against the company and Elon Musk.