Watch One Analyst Believes That Elon Musk’s Reference To Electrified “Aircrafts And Boats” In The Recent Earnings Call Suggests That Tesla Might Start Manufacturing Drones And eVTOLs Tesla Stock News

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Morgan Stanley’s Adam Jonas is fairly well-known for his funding notes on Tesla, which can be regularly replete with fanciful musings that then represent a foundation for the analyst’s uber-rosy earnings projections for the EV massive. Consider Jonas’ newest funding observe the place he is going as far as to assign an upside doable for the Tesla inventory that levels between $100 according to proportion and $1,000 according to proportion, all in keeping with a line of industrial that doesn’t exist!

NEWS: Morgan Stanley’s Adam Jonas has launched a brand new $TSLA observe.

“Is it just me, or are you seeing more ‘breadcrumbs’ from Tesla’s CEO that could potentially connect Tesla with aviation? Tesla sits at the intersection of robotics and AI. Cars (81% of TSLA revenues… and falling)… pic.twitter.com/HjxUYbbEPG

— Sawyer Merritt (@SawyerMerritt) September 30, 2024

To wit, Adam Jonas issues to 2 tangential tendencies to indicate that Tesla may attempt to leverage the $9 trillion (through 2050) Total Addressable Market (TAM) for drones and eVTOLs within the not-too-distant long term.

First, the analyst issues to an X submit that highlights the yawning hole between the drone manufacturing capacities of america and China, the place the previous is these days able to generating simply 20,000 drones according to 12 months whilst the latter is able to generating this quantity in one day! Elon Musk answered to this submit through noting: “Yeah, it’s not even close.”

Next, Adam Jonas issues to Elon Musk’s introductory remarks throughout Tesla’s Q2 2024 profits name, the place the mega-billionaire famous that “the world is headed for fully electrified transport, not just the cars but also aircraft and boats.” This follows Elon Musk’s “passing mention” of an electrical airplane throughout Tesla’s 2020, 2021, and 2023 investor days.

According to the analyst, if Tesla had been to leap into the trade of producing drones and eVTOLs, the possible upside for the inventory would vary between $100 according to proportion and a whopping $1,000 according to proportion. Critically, Jonas has no longer integrated this upshot in his present Tesla inventory worth goal of $310 according to proportion.

Bear in thoughts that Adam Jonas had first broached Tesla’s imaginable access within the drones/eVTOL trade again in 2021, when he had implied that it used to be simply a query of if and no longer when, given the truth that this line of industrial merely made an excessive amount of financial sense for Tesla to forget about it.