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UPDATE: Morgan Stanley Reiterates on Tesla Motors on Increasing Investor Concerns

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In a report published Thursday, Morgan Stanley analyst Adam Jonas reiterated an Overweight rating on Tesla Motors (NASDAQ: TSLA), but removed the $320.00 price target.

In the report, Morgan Stanley noted, “Investors are increasingly concerned about how the market will react to a possible YoY decline in N. American deliveries of the Model S in 2014. We believe a decline in NA deliveries is not only possible, but is likely… and reasonable. In fact, we'd argue that anyone with a FY14 global delivery forecast of less than 35k units has a global geographic split that clearly implies a YoY decline of Model S volume in N. America, if not a severe deceleration to near 0% growth. Will the headlines matter for how the stock trades? Very possibly. Are we fundamentally concerned? No.”

Tesla Motors closed on Wednesday at $207.89.

Latest Ratings for TSLA

DateFirmActionFromTo
Aug 2015Morgan StanleyMaintainsOverweight
Jul 2015UBSDowngradesNeutralSell
Jul 2015Pacific CrestDowngradesOverweight

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