Long position: Morgan Stanley remains confident in Tesla's long-term vision, reaffirming its "overweight" rating and target price of $410. They emphasized Tesla's advantages in artificial intelligence, robotics, energy storage, and infrastructure, believing that these are unparalleled growth opportunities beyond traditional electric vehicles. Short position: Wells Fargo predicts Tesla's stock price will fall 61% to $120 due to weak core automotive business. Analyst Colin Langan pointed out that global delivery volume in May decreased by 23% year-on-year, and aggressive financing promotions have brought sustained price pressure, threatening second quarter profit margins.