Morgan Stanley analyst bullish on Tesla's future, says stock could rise 91%

August 17, 2015 2:10 PM

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DETROIT, MI - Electric carmaker Tesla Motors may be best positioned to dominate the future of the one of the most underutilized aspects of the auto industry, according to a Morgan Stanley analyst who says the California company's stock could rise 91 percent.

Adam Jonas, who leads the global automotive research team at Morgan Stanley, says in a note Monday that automotive firms "with expertise in autonomous tech and networked machine learning can exploit the inefficiencies in the current model." That means Tesla could be "uniquely positioned to dominate,...

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