From Nasdaq:

Electric vehicle (EV) stocks, including Tesla (TSLA), are facing price slumps, leading some to believe they are undervalued. Morgan Stanley’s Adam Jonas maintains a bullish outlook on Tesla, with a target price of $345 per share, citing potential growth in AI and robotics. The analysts view Tesla as more than just an auto company.

Despite the recent weakness in the EV market, Jonas remains optimistic about Tesla’s long-term prospects. However, some critics are cautious, citing concerns about oversupply in the market and accidents related to Tesla’s Autopilot feature. As the EV wave subsides, the future of Tesla remains uncertain amidst ongoing challenges and competition.

Looking for investment opportunities? The Motley Fool’s Stock Advisor newsletter recommends the 10 best stocks to buy right now, with Tesla making the list. While some analysts express confidence in Tesla’s potential, others remain skeptical about the company’s ability to navigate the changing landscape of the EV market. Investors are advised to carefully consider their options before making any decisions.



Read more at Nasdaq: This Electric Vehicle Stock Has 75% Upside, According to 1 Wall Street Analyst