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Tesla shares are experiencing significant trading volume and gains, driven by multiple factors including plans to launch Full Self-Driving (FSD) technology in Europe and China. Piper Sandler has expressed confidence in Tesla despite an apparent decline in FSD performance, maintaining an 'overweight' rating with a $300 price target. Morgan Stanley's Adam Jonas reiterated Tesla as their 'top pick' in the US auto sector, highlighting the company's efforts to mitigate risks in its core auto business while investing in new technologies such as robotaxis. Tesla's stock is nearly 50% off its all-time-highs, trading at $59/share.
MORGAN STANLEY: “.. Nearly 50% off its all-time-highs, $TSLA has significantly underperformed its 'megacap' tech cohort for the past 3 years. .. While we are not holding our breath for a turnaround .. we feel it's important for Tesla to continue to demonstrate cost control in the… https://t.co/Z1hL9YaGb5
Tesla shares gain on plans to launch Full Self-Driving in Europe, China https://t.co/FXb4KDKJCN https://t.co/zxYY1uuVKi
Indexes show a mixed performance following latest jobs report, with NVIDIA seeing gains ahead of Broadcom earnings. Tesla also climbs on news of full self-driving plans. Stay tuned for live coverage on Investor's Business Daily. $TSLA $AVGO $NVDA
