Morgan Stanley expects Tesla (NASDAQ: TSLA) to surpass GM and Ford combined by 2027 as it significantly increases its market share in the US. The firm's price target for TSLA is $1,300, which represents 40% upside potential.
Tesla reported a strong Q4 2021 with 65% year-on-year sales growth, prompting analysts to revise their forecasts for the manufacturer's future development. Morgan Stanley analyst Adam Jonas believes Tesla will generate more revenue by 2027 than Ford and General Motors combined. He wrote that the zero-sum game is hard to see today, but it should become obvious over the next 24 months.
In his research note, Jonas highlighted the main theses:
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