Morgan Stanley Sees Tesla Motors In Sensitive Position Due To Giga Standoff
In a report published Thursday, Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $320.00 price target on Tesla Motors (NASDAQ: TSLA).
In the report, Morgan Stanley noted, “1Q results were in line on gross margin, while weaker at OP due to ramping R&D and SG&A, taking full year estimates down considerably. Giga factory partnerships have yet to come together, leaving TSLA in a sensitive position of breaking ground without having the team formally in place.”
Tesla Motors closed on Wednesday at $201.35.
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