Morgan Stanley analyst Adam Jonas thinks Tesla's mass-market Model 3 will feature hardware and software that could yield safety performance "significantly" ahead of all other cars on sale today. The analyst, who contends that "You don't put a liquid cooled supercomputer in every car to make it just twice as safe as other cars," notes that Tesla has stated a goal to make its vehicles 10 times safer than the average car, while adding that "nearly every" automaker he talks to says safety is the number one determinant of purchases. If the Model 3 can demonstrate a safety edge on that order of magnitude, Jonas would expect an acceleration of the market's awareness of the obsolescence of used cars and an acceleration of insurance company repricing of premiums, he tells investors. The analyst keeps an Overweight rating and $305 price target on Tesla shares.

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

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

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

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

Notable profits for the buyer who lifted the $6.25 offer for 3,135 Tesla (TSLA) May-24 155 puts yesterday at 09:53ET when underlying shares were trading at $165.33. Shares closed at $161.48, and the puts at $7.84 for a mark-to-market profit of 25%, or $498K, on the $1959K outlay.

Tesla is focused on building a giant Texas datacenter for its robotaxi project, which is now a top priority, after postponing work on a cheaper vehicle, Electrek's Fred Lambert reports. The cheaper vehicle, codenamed NV9, sometimes referred to as Model 2, was expected to cost around $25,000, but Lambert writes that the program is "effectively scratched" right now as Tesla is putting all resources into its self-driving effort. Reference Link