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Morgan Stanley’s Adam Jonas in new note:
“We think the proposal for Tesla's investment in xAI deserves more attention. Among a range of possibilities, we believe the proposal may be a 'testing of the waters' for further investment/cooperation between Tesla and xAI down the road.
btc
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twitter.com
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Morgan Stanley’s Adam Jonas in new note:
“We think the proposal for Tesla's investment in xAI deserves more attention. Among a range of possibilities, we believe the proposal may be a 'testing of the waters' for further investment/cooperation between Tesla and xAI down the road. Tesla's progress in robotics would benefit from xAI's
progress in AGI. Data sharing between the two 'related parties' (bi-directional) may
ultimately benefit from closer cooperation over time from a legal perspective. We reiterate our Overweight rating on $TSLA and note our bull case remains $800.”
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