Tesla is successfully cutting costs and is exposed to notable growth drivers for the future, according to the analyst.
Tesla has stemmed downside risk in its electric vehicle business and is exposed to "powerful emerging drivers" related to artificial intelligence and future energy demand, leaving it a better bet than Ford as the best stock in the auto industry, according to Morgan Stanley. Analyst Adam Jonas has a $310 price target for Tesla, implying 40% upside from Friday's close of $219.80.
Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Live Nation, 3M, Uber, Eli Lilly, Amazon, Coinbase & more
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