Wall Street has been fairly hot-and-cold on Tesla stock this year — and its highly anticipated robotaxi unveiling on Thursday isn't helping to improve investor sentiment.
As such, we anticipate TSLA to be under pressure following the event," Jonas, the firm's head of global auto and shared mobility research, said in a Friday note to clients entitled "That's it?
TSLA YTD mountain Tesla stock this year.
Simply put, the event failed to offer a significant bright spot for Tesla's stock, according to Jonas.
The analyst has an eye on Tesla's expectation to start fully autonomous, unsupervised FSD in Texas and California for its Model 3 and Model Y electric vehicles.
Persons:
Morgan Stanley's Adam Jonas, Jonas, Tesla, Elon Musk's, Musk, TLSA, Tesla's, FactSet
Organizations:
Investors, Morgan
Locations:
Los Angeles, FSD, Texas, California