Tesla(US:TSLA) 3 6 Ke·2025-08-20 09:34Core Insights - The autonomous taxi technology is on the verge of a historic breakthrough, ready for commercialization driven by generative AI, massive capital competition, and geopolitical factors [1][2] - The rapid development of generative AI has significantly advanced autonomous driving technology, marking a transformative moment akin to the iPhone's launch in 2007 [2] - Major investments from tech giants like Tesla and Google Waymo, along with traditional automakers, are intensifying competition in the autonomous driving sector [2] Industry Trends - Global electric vehicle sales continue to grow robustly, with June sales increasing by 30% year-on-year to 1.26 million units, primarily driven by the Chinese market, which saw a 43% increase [3] - The report maintains an "overweight" rating for Tesla with a target price of $410, indicating a potential upside of 28% from current levels, highlighting Tesla's advantages in autonomous driving technology and data accumulation [3] Competitive Landscape - Morgan Stanley is optimistic about other companies with competitive advantages in the autonomous driving and electric vehicle sectors [6] - The report emphasizes that the proliferation of autonomous taxi services may fundamentally change traditional car ownership models, leading consumers to prefer on-demand mobility services over private car purchases [10]