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- Tesla stock could add 50% despite price cuts to vehicles, according to Morgan Stanley.
- Analyst Adam Jonas cited Tesla's strong balance sheet and profitability.
- "Tesla's recent price cuts are just the latest sign the EV market may be entering the 'shake-out' phase," he wrote.
Tesla stock could gain 50% on a strong balance sheet and a head-start against the competition in the EV market, according to Morgan Stanley.
In a Wednesday note, analyst Adam Jonas named Tesla his top pick in the auto sector, replacing FREYR Battery, as price cuts ranging from 6% to 20% will squeeze rivals.