Morgan Stanley Survey: AI Beat EVs With Tesla’s Growth Drivers

1. Survey Insights

• Morgan Stanley’s survey on Thursday.
• Participants: 137 respondents in 24 hours.
• Key Results: Investors See AI As A More Important Driver Of Tesla’s Growth Than EV, Ratio Of AI As A More Important Factor 2:1.

1. Stock Price Performance Outlook

• Over the next 12 months, opinions on Tesla’s stock price are split almost evenly.
• Opinion that the importance of Tesla’s fourth master plan (MP4) should be considered depending on future U.S. election results.

1. Survey Limit

• Respondents are selected from Morgan Stanley’s distribution list.
• Not a random sample, not all Tesla shareholders.

1. Morgan Stanley’s Tesla Target Stock

• Set at $310 per share.
• Derived from 6 components:
  1. Tesla’s Key Automotive Business
  2. Tesla Mobility
  3. Tesla’s Third-Party Provider Role
  4. the energy sector
  5. Insurance
  6. Network Services

1. What May Affect Tesla Positively

• Full Self-Driving (FSD) attachment rate increased.
• Achieve cost milestones in new battery technology.
• Introducing new models such as Cybertruck, Multi-Van, and Semi-Truck.
• Achievements in third-party battery technology.

1. Tesla’s Potential Risk

• Increasing competition with traditional automakers, Chinese companies, and large tech companies.
• Execution risk of operating multiple plants.
• The possibility that the market may not recognize the potential of DOJO support services.
• geopolitical risks related to China.
• a potential dilution.
• Overall valuation problem. ✅ Tesla factory “Each Model Y is extracted every 30 seconds.”
  ✅ De facto 100% welding… 95% automation of all processes

Chinese media Xinjing Bao on the 18th

◾ Four major workshops divided into ️ stamping, welding, painting and final assembly are connected
Move the made parts within the workshop.
Use unloaded materials on the nearest production line to minimize transport distance, time and cost

◾In the ️ assembly workshop, two production lines with the same process are placed vertically
Vertical lifts carry car doors, body parts, etc. on production lines
🖍 Reduce production lines reaching 100 meters of ️

◾Tesla has increased its share of fully automated production by 95% with a large number of robot ️,

◾The automation rate of ️ welding workshops is close to 100%
Recent Tesla spot welding and laser welding are completed by robots.

People are primarily responsible for applying glue, connecting, screwing, and other processes