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Tesla Is Analyst's Top 2025 Stock Pick: Elon Musk Political Involvement May 'Accelerate' EV Maker Beyond Autos

Benzinga ·  Dec 12, 2024 05:55

Tesla Inc(NASDAQ:TSLA) is the top stock pick in the automotive sector for 2025, Morgan Stanley analysts led by Adam Jonas said in a note covering electric vehicles (EVs).

Tesla Top Stock Pick:Jonas' note came ahead of Tesla hitting new all-time highs Wednesday.

Jonas reiterated an Overweight rating on Tesla and raised the price target from $310 to $400.

"Elon Musk's entry into the political sphere has expanded investor thinking around Tesla's fundamental outlook," Jonas said of Tesla CEOElon Musk.

Tesla stock rallied since the 2024 presidential election. The big question is whether the move is temporary or...

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