$Tesla(TSLA.US) - MORGAN STANLEY ON TESLA: STRONG Q3 BEATMorgan Stanley reiterated an Overweight rating and $410 PT after Tesla’s Q3:* Deliveries: 497K (+12% vs. 443K consensus), first y/y gain in 2025, helped by tax credit pull-forward.* Production: 447K (–4% vs. 469K consensus).* Energy Storage: 12.5 GWh (+14% vs. 10.9 GWh consensus).Earnings set for Oct 22, 2025.

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MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

Walter Bloomberg