Bros, $Tesla(TSLA.US) is still falling so much today! $NVIDIA(NVDA.US) has stabilized at 55, not even pretending, so shameless. I get trapped every time I enter. Coming to pick people up. Whatever, try a short position and watch the show.

🚨⚡ Morgan Stanley reiterates $Tesla(TSLA.US) target price of $415: What's truly undervalued might be the "Energy version of Tesla"

When Morgan Stanley reiterated its Equalweight rating on $Tesla(TSLA.US) and gave a $415 target price, the market's first reaction was likely still focused on autonomous driving and AI.

But this time, they specifically emphasized a long-underestimated variable:

Solar expansion.

They pointed out that Tesla Solar's expansion plan could potentially add $20–$50B in equity value to the energy business in the long term.

This isn't a patch-up of a peripheral business, but a signal of structural revaluation.

Why is Solar becoming important again now?

Over the past few years, $Tesla(TSLA.US)'s energy segment has been overshadowed by narratives.

Investors have been more focused on:
•FSD
•Robotaxi
•AI training compute power
•Vehicle margin

But if we extend the timeline, the logic for energy is simpler and more stable:

Electricity demand is experiencing explosive growth.

AI data centers, EV penetration, energy storage systems, distributed grids—
all are pushing up the value of "dispatchable power."

And Tesla's energy system is essentially a closed loop:

Solar production → Powerwall storage → Megapack grid-scale storage → software dispatch.

Once Solar installation scale expands, the value of storage and grid software will amplify simultaneously.

Why is the $20–$50B incremental valuation reasonable?

The valuation logic for the energy business is different from that of automobiles.

Automobiles are cyclical + competitive compression.

Energy is about:
•Long-term electricity demand growth
•Policy support
•Utility-scale contracts
•High-stickiness customer relationships

If Solar expansion succeeds, the valuation anchor for Tesla's energy business could shift from a "subsidiary division" to a "utility technology platform."

Under this framework, a long-term incremental value of $20–$50B is not aggressive.

What does the Equalweight rating mean?

This is precisely the interesting part.

Morgan Stanley did not give an Overweight rating but maintained Equalweight.

This means:

They see structural upside, but short-term valuation has already partially reflected it.

In other words—

The long-term logic is strengthening, but short-term trading is not risk-free.

The key judgment is not about how much money Solar makes now,

but rather:

Whether Solar will become the "traffic entry point" for Tesla's energy system.

If Solar installation scale expands,
storage attachment rate increases,
Megapack orders grow,
and software dispatch becomes a high-margin layer,

then the valuation model for the energy segment will change.

$Tesla(TSLA.US)'s real problem has never been "whether there are new stories."

It's:

Which stories can ultimately turn into sustainable cash flow?

The Solar aspect highlighted by Morgan Stanley this time is not a hot topic, but a long-term structural variable.

If the energy segment truly becomes Tesla's second growth curve,

then the revaluation of this line might be more important than short-term fluctuations in vehicle sales.

📬 I will continue to track the key milestones of $Tesla(TSLA.US)'s transformation from an automobile company to an energy and AI platform.