Morgan Stanley Adjusts Tesla’s Price Target
Morgan Stanley analyst Andrew Percoco raised Tesla Inc.’s (NASDAQ: TSLA) bull-case target price from $820 to $840, while maintaining an equal-weight rating and a base-case price target of $400. As of now, Tesla shares are trading at approximately $357.
Future Revenue Projections from Tesla’s Semi
The investment potential in Tesla’s Semi truck is notable, with a projected 80,000 autonomous units on the road by 2040, each potentially generating up to $18,000 in full self-driving (FSD) revenue monthly. This could amount to over $17 billion in high-margin revenue by that year. Visible Alpha estimates Semi production will grow from 4,000 units in 2027 to 12,000 by 2028, driven by lower operational costs compared to diesel trucks.
Challenges Ahead for Tesla’s Growth
Despite these optimistic projections, Tesla faces significant challenges, including regulatory hurdles for autonomous vehicles and uncertainties surrounding adoption rates for the Semi. CEO Elon Musk indicated that FSD development for the Semi would take a backseat for the next six months, further complicating near-term revenue expectations.
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