Morgan Stanley has raised its price target for Tesla (NASDAQ:TSLA) stock from $400 to $430 per share, citing advancements in Tesla's autonomous driving program and artificial intelligence efforts. Analysts led by Adam Jonas also provided a bull case valuation of $800 per share and a bear case valuation of $200 per share. They emphasized the potential of Tesla’s autonomous vehicle business, projecting a mobility fleet of 7.5 million vehicles by 2040, generating $1.46 per mile in revenue with a 29% EBITDA margin. While Tesla may debut an unsupervised autonomous vehicle fleet in city settings as early as next year, widespread deployment is expected after 2030.