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- Elon Musk might need to start sleeping at Tesla again as tough times mount, according to top bull Adam Jonas of Morgan Stanley.
- The firm may slowly be exiting the EV industry, given rising Chinese competition and dimming outlooks, he said.
- Jonas holds a Street-high $310 price target on the firm, but says Musk's compensation deal is also adding uncertainty.
It might be time for Elon Musk to bring back an old corporate habit to reignite Tesla's spark, according to Morgan Stanley analyst Adam Jonas.
"Looking ahead to Tesla's 1Q results ... investors are starting to ask: 'Is it time to sleep on the floor again?'" Jonas said in a note published on April 18.