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.
Latest Ratings for TSLA
|Aug 2015||Morgan Stanley||Maintains||Overweight|
|Jul 2015||Pacific Crest||Downgrades||Overweight|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.