According to the Zhong Tong Finance app, Morgan Stanley believes that due to the demand for electrical utilities brought about by the AI boom, Tesla will become a more important participant in the US energy market.

Morgan Stanley's analysis shows that by 2030, the electricity consumption of US data centers may be equivalent to the electricity consumption of 150 million electric vehicles. In other words, from 2023 to 2027, the expected growth of US data center electricity consumption is equivalent to adding 59 million electric vehicles on US roads or increasing the number of vehicles in service by 21%. Tesla is considered to have a unique advantage that can benefit from investment in the US power grid. The huge demand for AI processing and data centers has accelerated this investment.

Morgan Stanley analysts said: "We predict that the growth rate of energy storage business (compound annual growth rate from 2020 to 2040 is 29%) will be faster than that of solar energy business (compound annual growth rate from 2020 to 2040 is 24%) and the profit margin will be higher than that of the core auto business, with a turning point in 2023."

Assuming an operating margin of 16.2% and a tax rate of 25%, Morgan Stanley analysts believe that by 2030, Tesla's energy business may increase its after-tax net operating profit (NOPAT) by $3.95 billion, with earnings per share exceeding $1. Although Tesla is gradually becoming a direct competitor of Fluence Energy (FLNC.US), the growth rate of the energy storage market is strong enough to benefit both companies.

Morgan Stanley values Tesla's energy business at $130 billion, equivalent to $36 per share. Morgan Stanley is bullish on Tesla, giving it a "buy" rating with a target price of $310.

Overall, Wall Street analysts are not so optimistic about Tesla's prospects, giving it a "hold" rating with an average target price of $174.60.