Morgan Stanley analyst Adam Jonas, who has historically been quite bullish on Tesla, cautioned investors to hang on for some weak numbers. He also pitched a far rosier future though, calling AI a meteorite that Tesla will be a part of.
From his note, which was sent via email early this morning:
“While many investors would rather have Tesla keep their head down and just keep making cheaper EVs, this is not at all the strategy we think Tesla will pursue going forward.”
“If you ask the wrong question, the right answer is impossible.” This was Elon Musk’s response to my question 1 year ago (1Q24 call) when we asked how long it would take for their strongest Chinese competition to bring to market an affordable EV. We do not believe this sentiment has changed.
