Tesla Named Top US Auto Pick by Morgan Stanley, Stock Surges
Analysts highlight Tesla's cost-cutting measures, energy business potential, and dominance in zero-emission vehicle credits.
- Tesla shares rose over 5% after Morgan Stanley's endorsement.
- The bank set a price target of $310, citing a 40% upside potential.
- Tesla's energy business could surpass its auto segment in value.
- Zero-emission vehicle credits are a significant revenue stream for Tesla.
- Concerns remain over the commercialization of autonomous driving technology.