(NASDAQ: TSLA) and other electric vehicle (EV) stocks haven't exactly been roaring on the stock market lately. Their price slumps have led some pundits to believe they're undervalued. One of these even feels Tesla's shares are poised to accelerate nearly 75% higher in price.

That prognosticator is Morgan Stanley's Adam Jonas, who reiterated his overweight (buy, in other words) recommendation on Tesla at a target price of $345 per share in mid-February.

In recent comments, Jonas and his team acknowledged the general bearish sentiment on the EV sector leader. However, they implied many investors have too narrow a view of the company's business.

Continue reading

Source Fool.com