Morgan Stanley analysts have revised their valuations of Tesla’s business segments, noting a surge in Tesla Energy due to increased demand and a significant 2Q beat in energy storage deployments. The bank now values Tesla Energy at $50 per share of their $310 price target, up from $36, making it a $183 billion business. In contrast, they’ve lowered their estimates for Tesla’s core auto business due to EV market deceleration and rising China protectionism, reducing the 2030 US BEV penetration estimate to 20% and Tesla auto sales projection to 5.7 million vehicles.
