Market Overview

Options Expert Nic Chahine Comments On Morgan Stanley's Tesla Note: 'Anything Other Than Traditional Doors Will Intimidate Buyers'

Share:
Related TSLA
Gold, Tesla And United Continental: Fast Money Picks For January 20
Are These Tech Companies Too Reliant On One Major Customer?
Trump Backs Border Tax Again After Wavering Earlier (Investor's Business Daily)

Speaking exclusively to Benzinga, Marketfy options expert Nic Chahine said he is bearish on Tesla (NASDAQ: TSLA), but not because of the falcon doors.

He thinks Wall Street's perceived value for Tesla is too lofty for a car company.

“They price it like an innovative tech company, which it's not,” he told Benzinga. “A few words from [CEO] Elon [Musk] raised this flag for me a few weeks ago when he announced the location of the GIGA factory. He said that he chose the location even though there were better places that offered more financial incentives.”

Latest Ratings for TSLA

DateFirmActionFromTo
Jan 2017Morgan StanleyUpgradesEqual-WeightOverweight
Jan 2017GuggenheimInitiates Coverage OnBuy
Oct 2016Goldman SachsMaintainsNeutral

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: MarketfyAnalyst Color News Analyst Ratings

 

Related Articles (TSLA)

View Comments and Join the Discussion!