Morgan Stanley’s Adam Jonas has repeatedly sketched Tesla-adjacent eVTOL / flying optionality. Tesery’s June 2, 2025 note treated that as a “new chapter” for the stock after a roughly 20% bounce. It is a research hypothetical, not a Tesla 10-K segment.
Key facts
- What Jonas does: Publishes Tesla scenarios that sometimes include robotaxis, Optimus, and aircraft-like products.
- What Tesla had actually shipped by then: Cars, energy, and a brand-new Austin Robotaxi pilot (same month). No certified Tesla passenger eVTOL.
- Stock move: A one-month ~20% rally (as the original Tesery lede had it) can be Robotaxi hype, deliveries, or macro — not proof the market is pricing a flying Tesla.
Do not turn a note into a factory
eVTOL is a regulated aircraft problem (FAA / EASA), not an FSD software toggle. Unless Tesla files a type certificate story, treat flying-car paragraphs as analyst color. For Tesla’s real 2025 operating numbers see the Q2 production release and earnings preview.
FAQ
Is Tesla building an air taxi?
Jonas can model one. Tesla had not launched an eVTOL product as of this recap.
Should owners care?
Only as Tesla-the-stock narrative. It does not change your service center ticket.
Analyst optionalities are not orderable VINs.
