Morgan Stanley released a research report that Tesla delivered 444,000 vehicles in the second quarter of this year, exceeding expectations from both the bank and the market. Although the above data was positively surprising to the market, the bank believes that it is difficult for Tesla to reach last year's delivery level at present, and the company needs to maintain a year-on-year growth rate of 6% in the second half of this year to maintain sales performance stability.

The bank pointed out that Tesla's deployment of battery storage capacity exceeded expectations, almost twice the amount predicted by the bank. With the acceleration of the era of artificial intelligence, it will stimulate the growth of energy demand, power generation, and data center investment. The bank believes that investors will begin to pay more attention to Tesla's energy business, as this business has a unique position and benefits from the acceleration of AI-driven US power grid investment. Morgan Stanley has set Tesla's target price at $310 and gives it a 'shareholding' rating.