Morgan Stanley named Tesla (TSLA) its top U.S. automotive pick, setting a price target of $430, indicating a potential 50% return for investors amid a 30% year-to-date decline.
Tesla's sales have sharply declined, impacting its stock performance amid worries about CEO Elon Musk's plans to cut the federal workforce.
In February 2025, Tesla's sales dropped sharply in Scandinavia and France, with registrations down 42% in Sweden, 48% in Norway, 48% in Denmark, and 45% in France year-over-year.