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Tesla Aviation a When Not An If, Says Analyst -Breaking

by Mike Robinson

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© Reuters

Sam Boughedda

Investing.com — Morgan StanleyAnalyst Adam Jonas, who covers Tesla, Inc. (NASDAQ) extensively, stated Friday that Tesla’s entry into the aviation market is something to “when and not an if.”

In a note sent to clients, the analyst stated that they believe that Tesla is unlikely to offer services or products to the eVTOL/UAM markets.

Jonas stated, “The potential skills transfersability and network adjacencies [are too strong] to ignore,”

After Tesla CEO Elon Musk’s tweet, the analyst commented on his comments. “Working to Master Plan Part 3”.

“We see Part 3 as mass industrialization, a network flywheel and ‘connecting the dots’ across adjacent TAMs,” said the analyst.

Jonas is rated Overweight and has a $1,300.00 price goal for Tesla shares. Shares are currently trading 2.3% higher on Friday.

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