morgan stanley hikes tesla stock price target on driverless car potential - home battery system
An analyst at Morgan Stanley said that the share price of electric vehicle maker Tesla may soon be twice as high as it is now, largely because of its own potential.
Like Uber, drivers can rent cars on demand.
On Monday, Adam Jonas submitted a research report to the customer, raising the target price of Tesla shares to $465.
This is 280 higher than his previous target of $243, well above the dollar level at the close of last Friday. Ride-sharing app?
The main reason for Jonas's optimism is that the company is not already involved in the business area, which is an adventure --
Share service with driverless cars.
Worldwide, humans drive more than 16 trillion kilometers of cars a year, most of which are produced by "practice 100 kilometers of car companies"year-
The old business model of human beings
Private-owned interior drive
"Said Jonas.
"This has fundamentally changed.
"Tesla's Elon Musk proves why the patent is a passe robot driver, which will mean that humans are leading the way in electric vehicles, but sales are only a fraction of the hundreds of millions of major gasoline cars.
Electric car manufacturers like General Motors, Toyota and Volkswagen sell every year.
While the company says it will sell millions of cars annually over the next decade, there is still a big gap with leaders. Self-
Driving a car is fast, Jonas said, but Tesla has an advantage in the business area it hasn't even entered yet
Driving a car on-
Demand for mobile services.
Jonas's idea will see a new business, a bit like riding-
Share the app Uber, but entirely by yourselfdriving Teslas.
What he calls "Tesla mobile", unlike traditional cars, Tesla now has a leg --
Because their vehicle is fully electric, connected wirelessly, and can "learn" on the go with software updates ".
He said: "There are no other well-known automakers to claim this today, which makes it easier for the company to launch its own cars
Driving a car is more important than other companies.
Jonas expects the entire auto industry to shift from current owners --
The operator model and move towards an autonomous future in which people are driven by robots and can only enter when they need it.
Instead of selling cars to automakers, Tesla has introduced its Powerwall home battery system, which in theory can take the middleman away and sell the service directly to customers.
"We think this business may be a complement to Tesla's existing sales HR model --
"Driving a car to a private owner and seeing the potential of this model, the company's potential revenue could more than double by 2029," Jonas said . ".
Although the company officially did not plan to do something similar to Jonathan's "Tesla mobile" division, analysts "if Tesla does not share the formal shared mobile business plan in the next 12 to 18 months, we will be surprised.
The first driverless car
Demand Teslas will be on the road sometime in 2018, he said.
Don Pitis: Thanks to Tesla, electric cars are on the road ahead, and if it happens, it's an idea worth billions of dollars.
Jonas put forward his price target of $465, because it is the midpoint between the basic case assumptions, that is, if the business remains as it is, the stock may be worth $319, however, if these new revenue streams can pass, they will reach $611 per share.
Now the car company.
Jonas said the value per share was about $280, and the recently announced increase in the battery sector was $39 per share.
But jonas's optimistic view is that the share of battery units has increased to $87, while the share of battery units that have not yet been listed is $244. existent ride-
Sharing unit is the core of electric vehicle business.
"If Tesla wants to fulfill its mission of accelerating the world's transition to sustainable transportation, we believe it is critical to move to a shared mobile model," Jonas said . ".