$TSLA - MORGAN STANLEY ON TESLA: "PREPARED FOR MORE DOWNSIDE, BUT LONG-TERM BULLISH" Morgan Stanley’s Adam Jonas reiterated an Overweight rating and $410 price target on Tesla, despite the stock’s recent dip following Musk’s feud with Trump. Key points: 🔸 EV tax credit cuts aren’t a major long-term concern. 🔸 Tesla’s recent rally was driven by hopes Musk would refocus on the company. 🔸 The Trump clash may temporarily hurt demand across the political spectrum. 🔸 Core strengths in AI, robotics, energy, and infrastructure remain intact and largely apolitical. 🔸 Expect near-term volatility, but long-term growth in Tesla’s AI and tech assets is underappreciated. Jonas says Tesla’s future potential outweighs current EV market pressures.