US Morgan S has a bullish outlook on Tesla's energy storage division

2024/7/10 11:49 PM GMT+9 (some excerpts)

US financial giant Morgan Stanley has raised the investment evaluation of the energy storage business of Tesla, a major US electric vehicle (EV) company. The background was predicting the rapid increase in global electricity demand against the backdrop of the artificial intelligence (AI) boom and the possibility that Tesla's market share will expand in the same field.
While Morgan Stanley revised Tesla's car sales forecast for 2030 downward, it raised the stock price in the same business from the previous 36 dollars to 50 dollars out of a target stock price of 310 dollars per share.