Tesla stocks slid late Friday after both Morgan Stanley and Barclays downgraded the EV giant, citing overvaluation.
Meanwhile, Toyota stocks were up after the Japanese car company moved to the forefront in producing affordable EV cars and rolling out next-gen batteries.
Toyota, now the top auto manufacturing stock, is trumping its biggest competitors and benefitting from demand tailwinds.
Notwithstanding, Morgan Stanley analyst Adam Jonas said that Tesla is still a “must-own” stock.
