Morgan Stanley analyst Adam Jonas has backed struggling electric vehicle maker Tesla (TSLA) and indicated the stock could have as much as 50%

Tesla shares rose 2% on Monday after Morgan Stanley reinstated the electric-vehicle maker as its top U.S. auto pick, saying the company's artificial intelligence and robotics efforts could power growth even as the mainstay car business stumbles.

Tesla (TSLA) stock is advancing 2.5% after Morgan Stanley issued an upbeat note on TSLA stock. The investment bank, which continues to identify TSLA as a top pick, expects the company’s total addressable market (TAM) to rise going forward.

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 4.4% in the afternoon session after data revealed the company had a rough February (2025) in China, with sales falling by almost half. According to the China Passenger Car Association,

Shares of Tesla (NASDAQ: TSLA) are trading lower on Tuesday. The company's stock had lost 7.5% as of 10:30 a.m. ET and as much as 8% earlier in the day. The drop comes as the S&P 500 lost 1.9%, and the Nasdaq Composite lost 2%.