Tigress Analyst on Morgan Stanley's Tesla Note: A Little Disappointing, But Not Disastrous

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Speaking exclusively to Benzinga, Tigress Financial Partners Chief Investment Officer Ivan Feinseth said the note and Morgan Stanley's reduced estimates are somewhat negative for the stock, but Tesla Motors Inc.
TSLA
already announced there would be a delay in production for the Model X. He thinks the Morgan Stanley analyst should change his rating for the company if the forecast is as negative as he suggested in the note. “If you think it's negative, then your rating should reflect that,” Feinseth said. Feinseth said this news is disappointing for Tesla, but not disastrous. Tigress currently has a Neutral rating for Tesla, and Feinseth said the firm might review the investment recommendation if there is any additional weakness in the automaker.
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