Morgan Stanley's recent upgrade of Tesla's price target from $400 to $430 has fueled investor optimism, driving the stock higher. The firm's analysts highlighted Tesla's advancements in autonomous driving and artificial intelligence as pivotal factors for the revised valuation. They projected a significant expansion of Tesla's mobility fleet, emphasizing the company's competitive edge in embodied AI and its potential to reshape the automotive landscape. This bullish sentiment has been reflected in Tesla's stock performance, as investors anticipate further growth in the company's autonomous vehicle business and its broader impact on the market.
The T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) experienced a notable decline, dropping 7.14% to $2.34 by 5:00 PM on Monday, January 13.