Morgan Stanley is bullish on Tesla's (TSLA.US) autonomous driving business accelerating its expansion, raises price target to $410.

Zhitong Finance APP has learned that Morgan Stanley released two research reports after Tesla (TSLA.US) announced its Q3 2026 financial results, believing that the company's robotaxi business is reaching an important turning point for large-scale expansion, that the paid subscription rate for Full Self-Driving (FSD) continues to exceed expectations, and that improving profitability in the automotive and energy storage businesses also provides a more solid foundation for future investment. Based on the progress of the autonomous driving business and improved profit expectations for core businesses, Morgan Stanley raised its Tesla target price from $400 to $410, maintaining a "Hold" rating.