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 soar 50% and is the top pick in an auto sector that's seeing an EV 'shake-out,' Morgan Stanley's Adam Jonas says

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Elon Musk. Getty Images Tesla stock could add 50% despite price cuts to vehicles, according to Morgan Stanley. Analyst Adam Jonas cited Tesla's strong balance sheet and profitability. "Tesla's recent price cuts are just the latest sign the EV market may be entering the 'shake-out' phase," he…

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