BUZZ-Morgan Stanley hikes Tesla PT, ups valuation of rideshare and services businesses

Morgan Stanley hikes PT for Tesla's TSLA.O shares to $430 from $400, boosted by higher valuation of rideshare business

AI and autonomous vehicle advancements, Waymo's rising rideshare market share and CEO Elon Musk's influence within Trump's administration are boosting investor interest in predictions that Tesla's global fleet can clock more than 1 bln miles by 2030 - Morgan Stanley analyst Adam Jonas

Shares of Tesla TSLA.O down 1.9% at $387.09, with broader indexes also lower on investors expectations the Federal Reserve will maintain a hawkish stance for most of 2025 .N

Morgan Stanley values Tesla's autonomous rideshare business at $90/share, up by $24/share from earlier

Brokerage also reduces value of co's core auto manufacturing business by $5/share to $89/share

Morgan Stanley values the network services vertical, which includes Full Self-Driving subscriptions, charging, maintenance etc. at $168/share up by $41 from previous model

Up to last close, TSLA had risen ~68% in the past 12 months

(Reporting by Akash Sriram in Bengaluru)

((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))