Morgan StanleyAccording to the research report, Apple IncCar building will become Tesla, Inc..Significant negative, maintaining the target price of $880 for the latter.

Analyst Adam Jonas said: "if Apple Inc enters the electric car market, his market share is more likely to be 33 per cent than a weak 3 per cent." The vast majority of customers believe that in the next 5 to 10 years, traditional OEM will be Tesla, Inc. 's main competitor. Although legitimate market competition should be respected, the entry of companies such as Apple Inc into the new energy vehicle industry will bring unprecedented competitive pressure on Tesla, Inc., "Jonas added.

For Apple Inc and Tesla, Inc., Jonas and his team believe that its value lies in the mobile ecosystem, especially the value of data and the network, which goes beyond the analysis of Tesla, Inc. 's normal sales units and stock price.

Morgan Stanley has a target price of $880 for Tesla, Inc., of which $345 comes from its core automobile business. The bank expects Tesla, Inc. to sell 5.4 million vehicles by 2030. In addition, based on the DCF model, the bank expects Tesla, Inc. 's mobile services support business (Tesla Mobility) to be valued at $77 per share by 2030. In addition, $100 comes from third-party battery business and electric vehicle power supply business, $75 from Tesla, Inc. Energy's fixed storage system, $36 from insurance business and $246 from data network services business, which the bank expects to generate average ARPU of $100 by 2030.