$TSLA - MORGAN STANLEY TURNS MORE POSITIVE ON TESLA AHEAD OF Q3 EARNINGS

MORGAN STANLEY ANALYST ANDREW PERCOCO IS BECOMING MORE CONSTRUCTIVE ON TESLA, CITING IMPROVING EXECUTION IN ROBOTAXI AND THE CORE AUTOMOTIVE BUSINESS.

FOLLOWING TESLA'S ROADSTER UNVEILING, PERCOCO DESCRIBED THE VEHICLE AS A SHOWCASE OF ENGINEERING PROWESS, HIGHLIGHTING ITS TECHNOLOGICAL CROSSOVER WITH SPACEX.

HOWEVER, HE CAUTIONED THAT THE COMMERCIAL POTENTIAL OF A FLYING ROADSTER REMAINS UNCERTAIN.

🔸 RATING: EQUAL WEIGHT
🔸 PRICE TARGET: $400

THE KEY TAKEAWAY: MORGAN STANLEY SEES THE ROADSTER PRIMARILY AS A DEMONSTRATION OF TESLA'S TECHNOLOGICAL CAPABILITIES, RATHER THAN A NEAR-TERM SALES DRIVER. ...