Market Overview

UPDATE: Morgan Stanley Reiterates on Tesla Motors on Increasing Investor Concerns

Share:
Related TSLA
Kimbal Musk Brings Gardening And Food Literacy Effort To Detroit
Greenlight's Q4 Letter Reveals Another Tough Quarter For David Einhorn
Nissan Leaf Will Likely Wipeout Significant Part Of Model 3 Worldwide Demand (Seeking Alpha)

In a report published Thursday, Morgan Stanley analyst Adam Jonas reiterated an Overweight rating on Tesla Motors (NASDAQ: TSLA), but removed the $320.00 price target.

In the report, Morgan Stanley noted, “Investors are increasingly concerned about how the market will react to a possible YoY decline in N. American deliveries of the Model S in 2014. We believe a decline in NA deliveries is not only possible, but is likely… and reasonable. In fact, we'd argue that anyone with a FY14 global delivery forecast of less than 35k units has a global geographic split that clearly implies a YoY decline of Model S volume in N. America, if not a severe deceleration to near 0% growth. Will the headlines matter for how the stock trades? Very possibly. Are we fundamentally concerned? No.”

Tesla Motors closed on Wednesday at $207.89.

Latest Ratings for TSLA

DateFirmActionFromTo
Oct 2017Evercore ISI GroupDowngradesOutperformIn-Line
Oct 2017Morgan StanleyMaintainsEqual-WeightEqual-Weight
Oct 2017Standpoint ResearchDowngradesHoldSell

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: Adam Jonas Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

Related Articles (TSLA)

View Comments and Join the Discussion!