Tesla lands fourth in Morgan Stanley's North American Automotive Stock rankings

Morgan Stanley on Friday issued a report on the Global Automotive Stock rankings, placing Tesla Motors TSLA as fourth in North America. While Tesla Motors has recently been hurt by the strong dollar and low oil prices analysts at the firm believe that, "re-acceleration of global order activity, positive results from early battery prototype production, and a re-affirmation of its third quarter Model X launch" will push the company's stock higher. Adam Jonas an analyst at Morgan Stanley added, "the decline in the share price provides a "classic opportunity to increase exposure to what we see as the world's most important auto company." However Jonas believes that China will likely remain a problem for Tesla Motors as he expects the region to account for only 6% of total deliveries in 2015 and 10% in 2016. Tesla Motors closed Thursday at $220.99.