Tesla stock could soar 50% and is the top pick in an auto sector that's seeing an EV 'shake-out,' Morgan Stanley's Adam Jonas says
Tesla stock could gain 50% on a strong balance sheet and a head-start against the competition in the EV market, according to Morgan Stanley.
While Morgan Stanley cut its 12-month price target for Tesla stock to $220 from $250 due to price cuts, it reiterated an overweight rating. Shares ticked up 0.8% to $145 ahead of its"[Tesla] still offers approximately 50% upside at materially lower execution and dilution risk vs peers," the note said.
"Other than Tesla, no other EV name under our coverage has proven to make a profit on their EVs and some
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