Tesla remains top pick for Morgan Stanley despite delivery decline, retail traders skeptical

From StockTwits: 2025-03-04 00:56:13

Analysts predict Tesla’s 2025 deliveries to decline annually, but view this as an appealing entry point for investors. Morgan Stanley reaffirms Tesla as its “Top Pick” among U.S. automakers, despite concerns over weak car deliveries and market share decline. The firm highlights Tesla’s January sales in Europe dropping 45% year-over-year, while overall EV sales in the region surged 37%. Tesla’s YTD auto deliveries have fallen below expectations, signaling a shift towards AI and robotics. Despite optimism around Tesla’s AI and autonomy prospects, regulatory hurdles pose a risk. Retail traders express skepticism, with sentiment sinking deeper into ‘extremely bearish’ territory on Stocktwits. Tesla stock fell 2.8% on Monday and continued to decline in after-hours trading, currently trading about 21% below analysts’ average price target of $345.56.



Read more at StockTwits: Tesla Remains Morgan Stanley’s Top US Auto Pick Despite Stock Slump, But Retail Rejects AI Hype And Musk’s Pitch