Tesla (NASDAQ:TSLA) shares took a brutal hit on Monday, nosediving nearly 15% — marking their worst single-day drop in over four years. The sharp decline came amid a broader market sell-off fueled by growing recession fears and mounting uncertainty surrounding President Donald Trump’s tariff plans.
Yet, before investors hit the panic button, Morgan Stanley analyst Adam Jonas points to several potential catalysts that could support the stock. One key catalyst is Tesla’s highly anticipated robotaxi reveal in Austin, where it’s set to unveil its first fully autonomous, steering-wheel-free vehicle. This milestone could also accelerate federal rulemaking on autonomous driving. Additionally, Tesla is gearing up for an AI/Humanoid Day before year-end, where the company is expected to highlight new advancements in its Optimus robot.
Despite the turbulence, Jonas remains bullish, calling Tesla his “top pick” in U.S. autos….
