Jefferies upgrades Tesla, predicts nearly 30% comeback and return to energy efficiency post crisis

Robots work on a Tesla Model X in the Tesla factory in Fremont, California in 2018.
Mason Trinca | The Washington Post | Getty Images

(This story is for CNBC PRO subscribers only.)

Jefferies upgraded shares of Tesla to a buy rating on Monday, saying the company is "leading the industry's technological transformation" and stands to benefit from further adoption of electric vehicles.

More In Pro News and Analysis

CNBC ProDavid Tepper thinks crypto is a store of value like gold and owns a small amount
CNBC ProCheck out Goldman's stock picks of innovators and disruptors to bet on the post-pandemic world
CNBC ProStrategist Jim Paulsen sees stock market into next year up 10%, but says rotate out of large caps