Morgan Stanley analyst: Tesla is still an automobile company, and AI has little influence.

According to news in the morning of June 2, Beijing time, it is reported that the recent frenzy of artificial intelligence has triggered a sharp rise in technology stocks, and investors also hope that Tesla's share price will benefit from this boom. However, an analyst who has long been bullish on Tesla poured cold water on investors.

Adam Jonas, an analyst at Morgan Stanley, said in a research note on Thursday that while it was "easy to discuss Tesla's artificial intelligence strategy with platitudes", the supply and demand situation in the electric car industry over the next 12 months will continue to dominate Tesla's share price. Since November 2020, Jonas' rating on Tesla has been equivalent to a "buy".

"with such a vast potential market, Tesla can consider many things," he wrote in his research report. but we think it's a car company in the final analysis. "

Tesla's share price has received a small boost from the rebound driven by technology stocks over the past few weeks, but it has risen much less than companies such as Nvidia, C3.ai and Marvell.

He also pointed out that although Tesla is developing some technologies that belong to the broad category of artificial intelligence, such as autopilot software and Optimus robots, autopilot and generative artificial intelligence are two completely different technologies.

Whether Tesla belongs to an artificial intelligence company or not, the company's share price has risen significantly this year, up more than 69%, much higher than the 32% of the Nasdaq 100 index and even more than 64% of the FANG + index of the new York stock exchange. However, the rise in Tesla's share price this year is actually a rebound from a 65 per cent drop last year, and 2022 was the worst year ever for Tesla's share price.