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Morgan Stanley observes the UAW strike as Tesla (TSLA) influence 'looms larger that it appears'
September 27, 2023 11:05 AM EDTMorgan Stanley remains bullish on Tesla (NASDAQ: TSLA) with an Outperform rating and a $400.00 price target on their Top Pick as the UAW continues to strike against the auto industry.
Morgan Stanley sees the UAW strike of 2023 as very similar to the 2019 strike against General Motors (NYSE: GM), but with a significant difference. Last time there was no viable alternative to domestic auto production outside of the Detroit 3 (GM, Ford, Stellantis).
In 2019, when the UAW went on strike for a grueling six weeks, Tesla (NASDAQ:... More
