Morgan Stanley Increases Valuation of Tesla Energy Thanks to the AI Boom - Will the Energy Segment Soon Overtake the Automotive Division?

Morgan Stanley has raised the valuation of Tesla's energy storage business and expects a global surge in demand driven by the boom in artificial intelligence. Tesla will be able to significantly increase its market share in this segment. The brokerage firm raised the value of the energy division to $50 per share of its $310 price target, up from its previous estimate of $36 per share, while lowering its forecast for Tesla's 2030 car sales. Morgan Stanley estimates that the profit from a fully utilized mega-factory producing large storage batteries...