Morgan Stanley's Adam Jonas believes Tesla has potential in the eVTOL industry, despite Elon Musk's cautious response about developing a plane.
Tesla's focus remains on vehicle autonomy, AI, and robotics, rather than branching into aviation equipment like planes and drones.
Morgan Stanley notes Tesla's expertise in various areas like manufacturing, data collection, robotics, and energy critical to compete with Chinese EV manufacturers.
Tesla is set to launch affordable models by the end of Q2, aiming to tap into a broader market if pricing can be brought below $30,000 even after the $7,500 tax credit disappears.