MORGAN STANLEY: Buy these 25 non-Tesla stocks to cash in on the electric-car revolution - Business Insider

, but a lot of other companies that stand to benefit from rising demand for electric cars are still at the starting line.

"There are a multitude of second derivatives players that are interdependent in the EV ecosystem and touch many industries across the globe," the team wrote. "If Tesla can indeed prove that EVs can be profitable at scale, we believe this would remove one of the key impediments preventing legacy OEMs from shifting capacity to BEVs, potentially unleashing further waves of investment into the BEV production ecosystem and its supporting infrastructure."

Today, Morgan Stanley estimates that sales penetration for electric vehicles is only at 2% worldwide. But they think that will jump to 11% in five years, 24% by 2030, and 70% in 2040.

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