Morgan Stanley analyst Adam Jonas said many investors he has spoken to have a difficult time thinking about how Tesla (TSLA) can maintain, if not grow, its already "very high" market share in battery electric vehicles, which are concerns that he views as valid. He sees the potential for some traditional OEMs to do the bulk of the tech development and manufacturing in-house for the majority of their EVs, but also sees potential for Tesla to play the role of third party BEV powertrain supplier to competing automakers. He also outlines the potential of a "non-Tesla tech consortium," given the "significant and growing interest" shown by the likes of Apple (AAPL) and Alphabet (GOOGL) in exploring commercial opportunities in the global auto market. Jonas, who sees "several opportunities" for legacy automakers to take increasing share of the battery electric vehicle market, keeps an Underweight rating and $500 price target on Tesla shares.

In a regulatory filing, Alphabet disclosed that its CEO Sundar Pichai sold 22.5K shares of common stock on April 17th in a total transaction size of $3.54M.

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Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. UPPING PARENTAL CONTROLS: The... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Truist raised the firm's price target on Alphabet to $170 from $158 and keeps a Buy rating on the shares. The firm is expecting the company to report "solid" Q1 results driven by "healthy" user engagement that continues to drive more ad spending across Search and Social, helped by an ongoing recovery in pricing. Conversations with digital ad agencies suggest that the momentum seen in Q4 was sustained in Q1 across Search and YouTube, though the management's commentary for Q2 may be cautious given the macro environment, with continued emphasis on investments in Cloud and AI, the analyst tells investors in a research note.

Maxim initiated coverage of Apple with a Hold rating and $178 price target.

Apple will consider making some of its products in Indonesia as the company plans to ramp up investment in Vietnam, Kimberley Kao and Ben Otto of The Wall Street Journal reports. "We talked about the president's desire to see manufacturing in the country, and it's something that we will look at," CEO Tim Cook said at a press conference, according to state news agency Antara. Cook did not offer a timeline for the investment or say what form it could take. Reference Link

The U.K. plans to hold talks this month with Apple (AAPL), Meta (META), Alphabet (GOOGL) and others to push a voluntary charter granting parents more control of social media use by young teens, Bloomberg's Ellen Milligan reports. According to people familiar with the matter, ministers want to launch a consultation later this month to gauge ways of limiting the potential harm to children caused by social media, and the proposed voluntary charter may involve tech firms agreeing to alert parents when their children are repeatedly looking up disturbing content. Reference Link