After soaring following the election, Tesla (NASDAQ: TSLA) stock ran into a wall in February as a number of news items, macro challenges, and CEO Elon Musk's involvement in the Department of Government Efficiency (DOGE) initiative all seemed to contribute to a sharp pullback in the stock.

Electric vehicle maker Tesla (TSLA) is closing out its second-worst month ever this February.Discover the Best Stocks and Maximize Your

Call traders continue to target electric vehicle stock Tesla (TSLA) despite the recent struggles on the charts

What Happened? Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 3.3% in the pre-market session after Morgan Stanley analyst Adam Jonas named the stock a "Top Pick," citing the potential in the autonomous vehicle market and robotics.

Morgan Stanley has reinstated Tesla as its “Top Pick” in the US auto sector, setting a price target of $430, which implies more than 47% upside from its current share price. The firm sees the recent 30% year-to-date decline in Tesla shares as a compelling entry point,