Tesla's (TSLA) Market Leadership Supports Morgan Stanley's Bullish $410 Target, Buy Reiterated

Tesla Inc. (NASDAQ:TSLA) is one of the best ESG stocks to buy now according to hedge funds. On September 9, Adam Jonas, an analyst at Morgan Stanley, reaffirmed a Buy rating on Tesla with an unchanged price target of $410. The analyst believes that Tesla Inc. (NASDAQ:TSLA) has pioneered innovations in the electric vehicle industry, spurring the global shift to sustainable energy. These innovations have enabled the company to maintain its leadership in this transition and the industry.

Jonas emphasized Tesla Inc.’s (NASDAQ:TSLA) progress in battery technology and autonomous driving, noting these capabilities as competitive advantages that could support long-term growth. He also highlighted the company’s global expansion and its efficiency in scaling production, which together strengthen the case for greater market share.

Tesla Inc.’s (NASDAQ:TSLA) strong brand identity and loyal customer base add further weight to the positive outlook. In Jonas’s view, the combination of innovation, operational execution, and favorable market conditions for EV adoption continues to justify a bullish stance on the stock.

Tesla Inc. (NASDAQ:TSLA) is an EV manufacturer and clean energy company known for its innovative solutions to sustainable transportation and energy solutions.

While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.