Stocks
September 11, 2026
McDonald’s Stock Hits 2-Year Low as Domino’s Analysts See Up to 35% Upside
- Tesla stock closed near $364 as Kalshi prepared to seek approval for regulated perpetual futures tied to major US stocks
- Morgan Stanley kept a $400 base target but lifted its Tesla bull case to $840 on the potential of autonomous Semi software revenue
- The bank estimates 82,000 Tesla Semis could generate about $17 billion in annual software revenue and $7.5 billion in added EBIT by 2040
Tesla stock is getting two very different catalysts at once. Kalshi wants to bring crypto-style perpetual futures to major US equities, with Tesla among its first targets, while Morgan Stanley has put fresh numbers behind the long-term economics of the Tesla Semi. TSLA stock closed at $363.56 on Wednesday, down 1.16%, but the new developments stretch well beyond another daily price move.
Also Read: McDonald’s Stock Hits 2-Year Low as Domino’s Analysts See Up to 35% Upside
Tesla Stock Could Get a 24/7 Perpetual Market
Kalshi is seeking regulatory approval to launch what would be the first regulated US perpetual futures tied to individual stocks, according to reports. Tesla, Apple, and Nvidia are among the names being considered, with around 60 stock and ETF contracts planned.
Unlike ordinary futures, perpetuals have no expiration date. Kalshi’s proposed products would also allow leveraged, round-the-clock trading, borrowing a structure that became popular in crypto markets.
For Tesla, that could create another venue where traders can take directional positions outside regular stock-market hours. Kalshi’s proposal is still subject to regulatory approval, however, and the leverage involved means losses can grow just as quickly as gains.
Tesla shares closed September 10 at $363.56, with an intraday range of $357.83 to $369.12.
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Morgan Stanley Tesla Bull Case Gets a Semi Boost
Meanwhile, Morgan Stanley is looking much further out. The bank kept its Equalweight rating and $400 base price target, but added $20 per share to its Network Services bull case, lifting the optimistic valuation to $840. The change came as analysts examined how autonomous trucking software could change the economics of the Tesla Semi.
The numbers are unusually large. Morgan Stanley estimates Tesla could eventually charge $12,000 to $18,000 per month per autonomous Semi through software subscriptions, assuming roughly 18,000 miles of monthly driving. Consumer Full Self-Driving currently generates about $100 per month per vehicle by comparison.
Under a scenario with 82,000 Semis on the road by 2040, the firm estimates software alone could produce around $17 billion in annual revenue and $7.5 billion in additional EBIT. Those projections exclude vehicle sales and charging revenue.
For Tesla stock, that leaves a wide gap between today’s price and Morgan Stanley’s most bullish case. Kalshi could soon change how traders access TSLA stock, but the bigger valuation question remains whether Tesla can turn autonomous trucks into the recurring software business Wall Street is beginning to model.
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