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

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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

May 2017Independent ResearchInitiates Coverage OnHold
May 2017Morgan StanleyDowngradesOverweightEqual-Weight
May 2017Evercore ISI GroupReinstatesOutperformOutperform

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