Home / Business / Morgan Stanley Bets on Apple Inc. (AAPL) Gunning for Tesla Inc (TSLA) quoting : smarteranalyst

Morgan Stanley Bets on Apple Inc. (AAPL) Gunning for Tesla Inc (TSLA) quoting : smarteranalyst

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It is the working assumption of the Morgan Stanley Global Autos & Shared Mobility team and the Tech Hardware team (led by Katy Huberty) that Apple will pursue a strategy in cars/transport.
In a multi-trillion dollar fighting market for consumers seeking the best autonomous technological artistry, Morgan Stanley believes Apple Inc. (NASDAQ:AAPL) is fiercely bringing its competitive game to the playing field, and Tesla Inc (NASDAQ:TSLA) better watch out.
According to TipRanks, five-star analyst Kathryn Huberty is ranked #350 out of 4,574 analysts.
As such, the analyst reiterates an Equal Weight rating on TSLA with a $305 price target, which represents a close to 20% downside from current levels.
We forecast Apple R&D spend growing to ~$17B by 2020, up from $10B in 2016 (14% CAGR).

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Analyst Insights: Apple Inc. (AAPL) Makes AI Waves with No-Longer-Secret Project Titan, Tesla Inc (TSLA) Set to Outperform its OEM Competition

Analyst Insights: Apple Inc. (AAPL) Makes AI Waves with No-Longer-Secret Project Titan, Tesla Inc (TSLA) Set to Outperform its OEM Competition

Out of 31 analysts polled by TipRanks in the last 3 months, 26 are bullish on Apple stock while 5 remain sidelined.
However, this would first require a transition to dedicated production lines rather than integrated production,” Haissl contends.
Based on 19 analysts polled by TipRanks in the last 3 months, 6 rate a Buy on Tesla stock, 7 maintain a Hold, while 6 issue a Sell on the stock.
The first option would be to partner with a manufacturer to bring an Apple-branded car to market.
“At the moment, Apple’s is likely pursuing both options under the R&D umbrella of project Titan.

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