Tesla stock rises after worst day in almost 5 years as Morgan Stanley says buy the dip
Published On Mar 11, 2025, 11:13 AM
Tesla shares rose 4% after experiencing their worst day in five years, attributed to negative sales data and market reactions. Morgan Stanley's analyst, Adam Jonas, considers this dip an opportunity to buy, suggesting that despite poor performance, Tesla could rebound significantly due to upcoming catalysts like advancements in AI and autonomous driving. Morgan Stanley has set a price target of $430, indicating potential for substantial upside from current prices.
Stock Forecasts
TSLA
Positive
With Morgan Stanley endorsing Tesla as a buy, the outlook is optimistic amid planned innovations and regulatory developments. Tesla's current challenges may be temporary, and analysts anticipate recovery driven by strong product developments.
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