Tesla is struggling to make a profit on its electric cars, but analysts believe its other businesses, like AI and energy storage, are undervalued.
While Tesla didn't meet analysts' expectations for earnings, it did exceed revenue targets, suggesting potential growth in the future.
Morgan Stanley analyst Adam Jonas maintains a positive outlook on Tesla, with a price target of $310, despite the challenges in the car industry.
Jonas believes Tesla's investments in AI and energy storage have the potential to drive significant value growth in the long term.
