January 25, 2023

Tesla stock is top pick at Morgan Stanley ahead of earnings

Tesla Inc. stock is a top pick at Morgan Stanley, which predicted a “shake out” for the electric-vehicle market as companies jockey for a piece of the pie and run the risk of oversupplying the market.

Tesla TSLA is scheduled to report fourth-quarter earnings after the bell Wednesday. The company cut prices between 6% and 20% on its EVs in Europe and in the U.S. earlier this month, a move that has divided Wall Street.

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