Musk denies report his xAI in talks over Tesla revenue
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Morgan Stanley Comments on WSJ Report about Tesla (TSLA) and xAI Deal
September 9, 2024 1:03 PM EDTMorgan Stanley analyst Adam Jonas reiterated an Overweight rating and $310.00 price target on Tesla (NASDAQ: TSLA)
The analyst comments "WSJ reported on a story of how Tesla and Elon Musks AI startup (xAI) have discussed potential licensing/revenue sharing opportunities. Mr. Musk responded via X saying the summary of the article was not accurate. Some thoughts: AI >EV. A recent investor survey suggested that the AI theme is more deterministic to Teslas share price than EVs by... More
