CNBC Pro

Tunnel market led by Elon Musk's Boring Company to reach $20 billion by 2050, Morgan Stanley says

Elon Musk speaks at an unveiling event for The Boring Company Hawthorne test tunnel December 18, 2018.
Pool | Getty Images News | Getty Images

Electric vehicles are poised to take over the transportation industry in the coming years, and new infrastructure — specifically tunnels — will be necessary in the transport revolution, according to Morgan Stanley.

More In Investing trends

CNBC ProConsider hiding out in these tech stocks during a bear market, Bernstein says
CNBC ProBack-to-school investing preview: Possible recession looms over retailers' busiest half of the year
CNBC ProJPMorgan picks stocks to play a part of China that's flown under the radar