Reported 3 months ago
Tesla shares rose nearly 6.3% after Morgan Stanley named it the top pick in the U.S. automotive industry, overtaking Ford. The firm sees potential growth for Tesla's energy business and expects it to significantly dominate the zero-emission vehicle credit market. However, Tesla recently reported its lowest profit margin in five years and faces challenges with autonomous driving technology in China, while Ford's shares fell due to disappointing profit estimates.
Source: YAHOO