The Briefing Room
General Category => Economy/Business => Topic started by: Elderberry on December 04, 2020, 01:53:49 pm
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Oilprice by Glen Carrick - Dec 02, 2020
Morgan Stanley recently raised their rating on Tesla (NASDAQ:TSLA) for the first time in 3 years. Two weeks later and the stock has already smashed through their $540 price point, and it’s still rising.
But the real news here isn't about Tesla, or even about EVs... it's much, much bigger than that.
What it means is this: It’s not about EVs anymore …
It’s about tech, software, services, and limitless verticals.
It’s about an entire EV ecosystem.
"Tesla is on the verge of a profound model shift from selling cars to generating high margin, recurring software, and services revenue … To only value Tesla on car sales alone ignores the multiple businesses embedded within the company,†Morgan Stanley’s Adam Jonas wrote in a note to investors.
Just like $7-trillion asset manager Blackrock got the sustainable investing megatrend before anyone else, crowning it the new king of Wall Street …
Morgan Stanley gets the profoundly profitable future of the EV ‘ecosystem’.
More: https://oilprice.com/Energy/Energy-General/The-Real-Reason-Why-Tesla-Is-Heading-Towards-A-Trillion-Dollar-Valuation.html (https://oilprice.com/Energy/Energy-General/The-Real-Reason-Why-Tesla-Is-Heading-Towards-A-Trillion-Dollar-Valuation.html)