...Unit Worth Only $62 Per Share But Remains 'Overweight' On Stock Amid Incoming 'EV Recession:'...

Published on 18 Apr 2024 on Benzinga

...Unit Worth Only $62 Per Share But Remains 'Overweight' On Stock Amid Incoming 'EV Recession:'...

Morgan Stanley analyst Adam Jonas believes there’s an EV market “recession” coming but feels EV giant Tesla, Inc. TSLA will emerge stronger, thanks to its investments in the AI sector.

Analyst Recommendation: “The global EV slowdown has moved into the next phase of the Darwinian shakeout … We think Tesla won’t let a good ‘EV recession’ go to waste,” Jonas wrote.

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