Market Overview

Survey Shows Engineering Students Want To Work For Elon Musk

Share:
Survey Shows Engineering Students Want To Work For Elon Musk

Many Tesla Inc (NASDAQ: TSLA) investors look beyond the business’ near-term valuation and focus on the potential long-term advantages the company has over competitors. Morgan Stanley analyst Adam Jonas said a new survey suggests one of those major advantages will be access to top talent.

Engineering Students’ Top Choices: Universum recently released its “Most Attractive Employers in the United States” survey of 44,000 American students. Universum found that among engineering students, Tesla is the most attractive place to work.

Here are the companies that round out the top five:

  1. Tesla
  2. SpaceX
  3. Lockheed Martin Corporation (NYSE: LMT)
  4. Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)
  5. Boeing Co (NYSE: BA)

“We found the results to be relevant for investors thinking about the long term future of autos and space and relative competitive advantages with respect to talent,” Jonas wrote in a Monday note.

He said the biggest advantages for transformative technology companies are top talent and access to cheap capital, and Tesla has both.

Other Automakers: The popularity of legacy automakers is also on the rise among today’s engineering students. Ford Motor Company (NYSE: F) climbed four spots on this year’s survey to No. 12, while General Motors Company (NYSE: GM) also gained four spots to No. 15 on the list of most attractive companies among engineering students.

In fact, five of the top 21 spots on this year’s list are auto companies, according to Jonas.

In addition to its popularity among engineering students, Tesla ranked as the No. 5 most attractive company among Computer Science students and the No. 7 most preferred company among business students. Google landed the top spot in each of those categories.

Benzinga’s Take: There’s no question Tesla is a popular brand among college students, but it doesn’t necessarily make the stock a great investment after it gained 537% in the past year.

Morgan Stanley has an Underweight rating and $1,050 price target for Tesla.

Related Links:

Hyliion CEO Talks Advantages To Tesla, Electrifying Existing Diesel Trucks

Morgan Stanley Raises Tesla's Price Target, But Remains Bearish

Photo by Steve Jurvetson via Wikimedia.

Latest Ratings for TSLA

DateFirmActionFromTo
Oct 2020Morgan StanleyMaintainsEqual-Weight
Oct 2020Canaccord GenuityMaintainsHold
Oct 2020BairdUpgradesNeutralOutperform

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

 

Related Articles (TSLA)

View Comments and Join the Discussion!

Posted-In: Adam Jonas Elon Musk Morgan Stanley SpaceXAnalyst Color Management Top Stories Analyst Ratings Best of Benzinga

Latest Ratings

StockFirmActionPT
AMDSusquehannaMaintains95.0
BABAOppenheimerMaintains335.0
EAJefferiesMaintains150.0
MELIJefferiesMaintains1,560.0
NOMDBTIGInitiates Coverage On30.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com