TSLA ▲ +0.5% - Tesla, Inc. $TSLA Morgan Stanley says Tesla could generate $12K-$18K per month per autonomous Semi from software fees alone, versus about $100/month for consumer FSD. By 2040, 82K Semis could generate: • $17B in software rev • $7.5B in incremental EBIT • ~10% upside to its base case Morgan Stanley added $20/share to its Tesla bull case, raising it to $840. Morgan Stanley raised its Tesla bull case target by $20 per share to $840, citing potential high-margin software revenue from autonomous Semi trucks. The analyst projects that 82,000 autonomous Semis could generate $17 billion in annual software revenue and $7.5 billion in incremental operating income by 2040, with monthly software fees per vehicle potentially reaching $12,000–$18,000 compared to roughly $100 for consumer Full Self-Driving. This significant upside scenario contributed to Tesla's modest 0.5% gain today. 11-SEP-2026 05:59 AM ET