![]() There are other specific issues that rankle with Johnson, who claims Jonas is upgrading the stock on “among the WORSE parts of the ‘TSLA is not an auto company’ story/thesis.”įor example, Johnson points to Consumer Reports testing that recently ranked TSLA 7-of-12 in advanced driver assistance technology, a drop from 2020’s number 2 spot, while Guidehouse recently put Tesla in the bottom position in advanced driver assistance technology. “But, keep in mind that MS is the banker for Musk, which may explain why he put out such a speculative note.” “Why the market pays attention to this guy is BEYOND ME,” Johnson goes on to add. ![]() In fact, GLJ Research’s Gordon Johnson says the Morgan Stanley analyst conceding it is “difficult to explicitly validate the many claims Tesla has made about Dojo’s cost and performance,” seems like “TYPICAL Adam Jonas mumbo jumbo” and amounts to an admission that he’s “basically admitting his entire upgrade is speculation.” However, one prominent long-standing Tesla bear has taken umbrage with Jonas’ take. Investors evidently thought that sounded great and piled in to load up. With various tailwinds at its back, Jonas reckons Dojo can add up to $500 billion to Tesla’s enterprise value. The reason for Jonas’ bullish take is down to the opportunity represented by Tesla’s Dojo supercomputer, its in-house-built and custom-made AI data center developed specifically to train the full-self-driving (FSD) system that sits in all Tesla vehicles. The analyst not only upgraded Tesla’s rating but also slapped a new Street-high price target ($400) for the shares. The stock saw out Monday’s session, 10% into the green, with the rally driven by a glowing report from Morgan Stanley analyst Adam Jonas. The week got off to an excellent start for Tesla ( NASDAQ:TSLA) investors.
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