From Nasdaq: 2024-07-29 13:17:39

Shares of Tesla (NASDAQ: TSLA) jumped 5.5% on Monday, buoyed by positive reports from analysts. Piper Sandler suggested Tesla may have cracked the self-driving puzzle with its latest software, while Morgan Stanley named Tesla its top pick in the automotive sector.

Piper Sandler highlighted the importance of Tesla’s latest FSD software and the potential for increased profits through software subscriptions and the development of a new affordable EV model. The analyst sees a significant revenue opportunity by 2030 with increased EV sales and FSD subscriptions.

Morgan Stanley predicts a 40% increase in Tesla’s stock this year but notes high expectations for FSD could be premature. Both analysts agree that Tesla’s success with FSD and new EV models could lead to substantial growth by 2030.

Consider waiting six years before deciding to invest $1,000 in Tesla stock, as other stocks may offer higher potential returns. The Motley Fool’s Stock Advisor team has selected 10 top stocks for investors, not including Tesla, with the potential for significant future gains.

For more investment options and potential returns, explore The Motley Fool’s top stock picks. Stock Advisor service has outperformed the S&P 500 since 2002, offering valuable insights and recommendations for building a successful investment portfolio.

Disclaimer: The author does not hold positions in mentioned stocks. The Motley Fool discloses positions in Tesla. Nasdaq does not necessarily endorse the author’s views.



Read more at Nasdaq: Why Tesla Stock Raced Ahead 5% on Monday