The brokerage said Tesla's energy business could potentially grow to be worth more than the company's auto business in the future, as investors were likely...
- Tesla shares jumped nearly 6% on Monday after Morgan Stanley named the most valuable automaker its "top pick" in the U.S. automotive industry, replacing Ford.
"We estimate Tesla may account for as much as half the credit sales in the market, supporting a 100% margin business for Tesla that may not be anticipated by the investment community at this time," Morgan Stanley analysts said.Tesla, however, reported its lowest profit margin in more than five years last week and missed Wall Street earnings targets for the second quarter, as the Elon Musk-led firm heavily discounted its vehicles to counter sagging demand.
Investors are keenly awaiting Tesla's robotaxi launch event, which it had delayed to October from August to rework some elements of the car.Fred Zinkie is back to help top off your fantasy baseball lineups with his top streaming options in this week's pitching preview. WARSAW, Poland — A diplomatic spat has erupted between Poland and Hungary that lays bare the deep tensions within Europe over how to deal with with Russia when it is waging war on Ukraine.Reeves warns of ‘difficult decisions’ on tax, blaming £22bn black hole on ToriesThe African National Congress officially severed ties with its former leader, Jacob Zuma, on Monday, expelling him from the party after his involvement in forming a rival political group.
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