Tesla, Inc. (TSLA) shares kicked off this week on a high note following a Morgan Stanley upgrade and an optimistic note emphasizing the potential of Tesla’s Dojo supercomputer project and custom silicon. The firm set its new price target at $400 for TSLA. While Tesla analyst Adam Jonas is highly bullish on the long-term prospects of Dojo, it is currently early in its development.
Simultaneously, Deutsche Bank highlighted potential third-quarter challenges for the electric vehicle producer, stemming from “planned summer production shutdowns which will push both production and deliveries down QoQ, discounts on inventories, and limited positive costs offsets in the quarter.”
