Tesla (TSLA) stock is down in the past month, however, analysts from Morgan Stanley see a strong rebound coming up soon. On Monday, Morgan Stanley analyst Adam Jonas said he projects shares of Tesla (TSLA) rising to $430. February was a very poor month for Elon Musk’s EV company, with shares falling nearly 28%. Despite its sales struggling, Tesla’s work in AI and robotics sets it apart from other top tech companies, giving its stock even more potential.

Adam Jonas predicts Tesla’s full-year 2025 deliveries could decline year over year, “creating an attractive entry point” for investors. The analyst claims Tesla is a top pick for the auto sector, giving it a price target of $430. This would be approximately a 50% increase from Friday’s close of $292.98, and a bull case of $800.”Tesla’s softer auto deliveries are emblematic of a company in the transition from an automotive ‘pure play’ to a highly diversified play on AI and robotics,” he added.

“As we continue our analysis of the overlap of AI and robotics, it is increasingly clear to us that the commercial opportunity of non-auto expressions of embodied AI is likely far larger and faster-adopting than that of autonomous cars,” the Morgan Stanley analyst added.

Can Tesla Reach $430?

Morgan Stanley isn’t the only firm that suggests Tesla stock (TSLA) will return bullish. Last month, Wedbush analyst Dan Ives reiterated his Outperform rating and $500+ price target despite ongoing concerns about Musk’s political movements.

Indeed, Musk’s latest political moves have caused unrest among TSLA investors, causing share value to fall. There is still room to turn things around, despite Tesla dropping 32% in the last 30 days. Moreover, its performance saw $375 billion leave its market value as it was booted from the $1 trillion club. Additionally, more specified data is not proving to be in the manufacturer’s favor.

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On the other hand, some experts see Tesla’s ceiling falling dramatically due to its recent performances. Bank of America recently reduced its price target for the stock from $490 to $380 while maintaining a Neutral rating. Tariff talks will likely affect many US companies, especially TSLA.