Morgan Stanley analyst Adam Jonas believes that the value of Tesla’s shares could turn around after declining by 36.94% over the past year. He forecasts that Tesla will sell 7.2 million vehicles by 2030 and grow total revenue at a 24% 8-year compound annual growth rate. However, he also believes that the EV market may be entering a “shake-out” phase, and has reduced exposure across the EV portfolio while making Tesla his Top Pick.
Ford is set to announce its fourth quarter earnings on February 2nd, with analysts expecting an adjusted bottom line of 0.62 per share, a 138% increase from the previous year, on revenues of $40.37 billion. In October, Ford revised its guidance for full-year income to around $11.5 billion, down from a previous estimate of between $11.5 billion and $12.5 billion, but stated that free cash flow is likely to rise to between $9.5 billion and $10 billion.
