Top analyst Adam Jonas makes Tesla his new top pick. Here's what he's looking for out of earnings
Morgan Stanley analyst Adam Jonas named Tesla his top pick for the electric vehicle space on Wednesday, just hours before the EV maker is set to report earnings. The widely followed analyst also lowered his price target on the stock to $220 from $250, but the new forecast still implies upside of more than 52% from Tuesday's close.
line Tesla stock slump over the last 6 months Jonas' take The first thing on Jonas's radar is how Tesla's gross margins held up in the fourth quarter, when the company began cutting prices on some models. He's also watching the potential impact of Tesla offering more of its full self-driving [FSD] features to consumers, which could drive profits.
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