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Morgan Stanley issued some clarification on Tesla Motors Inc (NASDAQ: TSLA) Model X door concerns.
In their original note, analysts at Morgan Stanley mentioned "investors should allow a reasonable level of execution risk on the many unprecedented innovations brought to market on the Model X including never-been-done-before attributes like the double-hinged falcon doors."
The firm goes on to say Wednesday that questions raised in the November 17 note are based entirely on the views and opinions of the Morgan Stanley Global Auto team.
Tesla provided further clarification on the topic with the following feedback:
The Model X will have Falcon Wing doors.
The doors 'weren't the challenge.' They are relatively easy to execute compared to other technical accomplishments at the company.
Tesla has customers that want Falcon Wing doors. There has been no parallel development of conventional doors at Tesla.
Despite the issues with the doors, Morgan Stanley maintained its Overweight rating and $320 price target.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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