10:38 AM EST, 01/13/2025 (MT Newswires) -- Tesla's (TSLA) integrated capabilities in data collection, robotics, artificial intelligence/computation, manufacturing and supporting infrastructure uniquely position it to lead in the emerging autonomous rideshare domain, Morgan Stanley said in a note Monday.

The firm said that Tesla's global fleet is forecasted to achieve 1 billion miles traveled per day by 2030, showcasing immense growth potential in autonomous rideshare services.

The complex regulatory environment and technological challenges remain hurdles, but Tesla's leadership in safety standards and innovation is expected to prevail, according to the note.

Morgan Stanley said the company plans to launch its unsupervised autonomous vehicle fleet in 2026 but does not expect mass deployment until after 2030 due to regulatory and technological challenges with local and state-level policies in the US likely to influence deployment timelines significantly.

The firm raised its price target on the company's stock to $430 from $400 with an overweight rating.

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