Tesla “internet-of-cars”

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    Shares in electric vehicle and energy storage giant Tesla surged again this week after analysts at Morgan Stanley lifted their price target by a stunning 50 per cent, after including the value of the company’s software opportunity for the first time.The Morgan Stanley team, led by the highly respected Adam Jonas, lifted its price target from $US360 a share to $US540 a share (or a total of $A720 billion), and slapped an “overweight” recommendation on the stock for the first time in three years. Its bull case target is $US1068 a share, or a market value of $A1.4 trillion.“Tesla is on the verge of a profound model shift,” the Morgan Stanley analysts write, from a company that is just selling cars, along with battery storage and solar, to generating high margin software and services revenue.QUOTE.
    Media stories abound on the revolution of EV takeup into 2020/2021 IMO.

    https://thedriven.io/2020/11/19/profound-model-shift-tesla-surges-on-stunning-internet-of-cars-valuation/
 
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