Market Overview

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

Related TSLA
Morgan Stanley Suggests Reducing U.S. Auto Exposure Amid Cyclical Peaks
Could Tesla's Gigafactory Site Announcement Come Thursday?
The Connected Car: Do Consumers Care? (Fox Business)

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.

Posted-In: Adam Jonas Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

Most Popular

Related Articles (TSLA)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters