
Morgan Stanley analyst Adam Jonas discussed the challenges facing electric vehicle (EV) adoption in light of Tesla Inc‘s (NASDAQ:TSLA) third-quarter delivery figures falling below estimates.
Jonas has maintained an “overweight” rating on Tesla stock with a price target of $400, which he set last month on expectations that Tesla’s supercomputer, Dojo, could unlock new markets for the EV giant and catapult its enterprise value by a staggering $500 billion.