TECH - Tesla Analyst With $24 Price Target Blasts Morgan Stanley's $400 Target: 'Where Is The Tech?' | Benzinga
Gordon Johnson, founder and CEO at GLJ Research, called into question on Monday the optimistic analysis of Morgan Stanley's Adam Jonas on Tesla Inc (NASDAQ: TSLA).
Directly countering Jonas's high-flying projections rooted in the capabilities of Tesla's supercomputer, Johnson said the investment bank’s close ties to Tesla and Musk may have something to do with the upgrade, among other things.
The Morgan Stanley Analyst: Jonas on Sunday upgraded Tesla from Equal-Weight to Overweight with a $400 price target. The thesis centered around the transformative potential of Tesla's custom supercomputer, Dojo.
The analyst predicted a surge in Tesla's enterprise value from Dojo — to the tune of $500 billion.
Jonas's logic hinges on Dojo’s abilities beyond just the automotive realm, saying the supercomputer could find applications in diverse industries including robotics, healthcare and security.
Read Also: Elon Musk Is Spending $1B On Tesla's Dojo Supercomputer – Here's What You Need To Know
Backing his thesis with figures, the Morgan Stanley analyst noted ...