Morgan Stanley analysts believe that Elon Musk will introduce another vehicle in the near future – an electric vertical take-off and landing (eVTOL) aircraft.
We must admit that Tesla executives have so far openly discouraged speculation about their involvement in eVTOL. But how could it be that Tesla will be on our roads, underground in tunnels and even on Mars, but not in the sky above the Earth? Unlikely.
Morgan Stanley
Morgan Stanley’s announcement triggered an upgrade in Tesla’s rating with a target price of $ 900 per share, which did not take into account the benefits associated with aviation. Tesla Aviation could add about $ 100 to $ 866, analysts said. The analysis is based on the research firm’s predictions of a $ 9 trillion global eVTOL market by 2050.
Tesla did not respond to requests for comment.
Yesterday, SpaceX conducted a test launch of the rocket engines for its new starship spacecraft, as reported by Elon Musk and shared a photo.
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