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- Tesla stock will soar 40% as it dominates the zero-emission vehicle-credit market, according to Morgan Stanley.
- The bank named Tesla a 'Top Pick' in the US auto sector, replacing Ford.
- Tesla's cost-cutting initiatives and energy business growth are key drivers of the firm's bullish outlook.
Tesla stock is going to soar 40% over the next year as it corners the zero-emission vehicle-credit market, according to a Monday note from Morgan Stanley.