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🟣MORGAN STANLEY RAISES TESLA BATTERY VALUATION

🟣MORGAN STANLEY RAISES TESLA BATTERY VALUATION

Day: 10 | Time: 15:39:47 Investment bank Morgan Stanley has increased its valuation of Tesla's battery sector, expecting a global increase in energy demand driven by the growth of artificial intelligence and the company's ability to gain market share in this segment. The bank has raised the sector's value to $50 per share in its price target of $310, up from the previous estimate of $36 per share, while reducing its forecasts for Tesla car sales in 2030. It estimates that the profit generated by a fully utilized mega factory producing large batteries would be equivalent to that derived from selling 1 million Tesla vehicles.

Morgan Stanley raised its valuation for Tesla's energy storage business, expecting a global surge in demand for power driven by the artificial-intelligence boom, and the company's ability to grow its market share in the segment. The brokerage lifted the value of the unit at $50 per share of its $310 price target, up from its previous estimate of $36 apiece, while reducing its forecast for Tesla's 2030 auto sales. It estimates that the profit generated from a fully utilized megafactory, which manufactures large-storage batteries, is equal to that from selling 1 million Tesla vehicles.