Investors often debate whether (NASDAQ: TSLA) is merely an electric carmaker masquerading as an artificial intelligence company or a genuine artificial intelligence company that also makes electric vehicles. For Morgan Stanley analyst Adam Jonas, there is no doubt Tesla fits into the latter category. His conviction is underscored by a bull-case price target of $500 per share, implying 170% upside from its current price.

Here's what investors should know about Tesla and its AI ambitions.

Tesla reported disappointing financial results for the fourth quarter, missing expectations on the top and bottom lines. Total revenue increased just 3% to $25.2 billion as high interest rates suppressed demand for electric vehicles. Additionally, non-GAAP (adjusted) net income dropped 39% to $2.5 billion as price cuts meant to stimulate demand led to material margin compression.

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Source Fool.com