Tesla's 'Cool Factor' Ebbing While These 2 Auto Brands Command More Loyalty Than Elon Musk's EV Giant, Morgan Stanley Survey Finds

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Quick Summary:

ICEs Over EVs: Morgan Stanley’s survey of 575 summer interns, who will likely grow to be the next-gen business leaders, revealed that they preferred gasoline-powered cars over electric vehicles by nearly a 2:1 ratio.

The Tesla, Inc.(NASDAQ:TSLA) brand is losing its charm among the younger generation, while there has been a continued preference for all things Apple, Inc.(NASDAQ:AAPL), Morgan Stanley said in a report released Sunday.

The data affirms Morgan Stanley’s view as it took down its 2030 EV penetration forecast from 25% to 20%.