Morgan Stanley analyst Adam Jonas predicts Tesla stocks will rebound over 90% within the next year.
Jonas reiterated his overweight rating for TSLA and still considers Tesla a top-pick stock. Morgan Stanley has set a $430 price target for Tesla.
Tesla's recent share price dip of 50% compared to its high record in December 2024 is seen as a buying opportunity by Morgan Stanley.
Jonas believes that Tesla's Full Self-Driving Unsupervised feature and the potential of the company's robotaxi fleet could serve as catalysts for the stock's rebound.