While investors fixate on Tesla’s (TSLA) robotaxi ambitions and humanoid robots, Morgan Stanley believes the company’s next breakthrough could come from an unexpected direction: the emerging drone and electric vertical takeoff and landing (eVTOL) market.
The investment bank sees this “low altitude economy” as representing a $9 trillion total addressable market by 2050. Tesla’s potential entry into this space has gained attention following recent geopolitical events. Moreover, Morgan Stanley noted that drone warfare capabilities have become strategically critical.
