(Seeking Alpha) Morgan Stanley analysts believe it is only a matter of time before American carmaker Tesla Inc. rolls out flying cars.
Morgan Stanley Analyst Adam Jonas believes urban air mobility product offerings are not a remote possibility for Tesla, given the potential skills transferability and the closeness of its network.
Jonas said simulations found that the total addressable market for flying cars could reach $9 trillion by 2050, potential outcomes at $100 per Tesla on the low end at $1,000 apiece on the high end.
Morgan Stanley previously released a speculative note on Tesla’s flying car possibility, with confidence on the investor upside. It has retained an overweight rating and its price target for Tesla at $900.
Tesla earlier scored a higher price target from Goldman Sachs at $860 with a buy rating.
TSLA is up 0.049%.
