Tesla (TSLA) Faces Brand Headwinds, But Analysts Stay Confident

Tesla, Inc. (NASDAQ:TSLA) is one of the Trending AI Stocks on Wall Street. On August 4, Morgan Stanley analyst Adam Jonas reiterated an Overweight rating on the stock with a $410.00 price target.

According to the firm, their summer intern class has provided “a window on the preferences of a future generation of business leaders and commercial influencers.”

As such, only 5% of interns have labeled Tesla as their “most desirable car brand.” There also seems to be a declining interest in Tesla’s robotaxi service among the group.

“Our summer intern class provides a window on the preferences of a future generation of business leaders and commercial influencers. Just 5% of interns listed Tesla as their ‘most desirable car brand’ (down from 11% LY), while preference for a Tesla robotaxi service also fell sharply to 12% from 31%.”

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.

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Disclosure: None.