Morgan Stanley says Tesla is worth $10 a share in a worst-case scenario (TSLA)
|05/21/2019||Posted by BusinessMediaguide.Com under General World News||
- Tesla shares fell early Tuesday after Morgan Stanley’s auto analysts adjusted their bear case for the stock.
- The analysts, led by longtime Tesla-watcher Adam Jonas, cut their worst-case scenario target to $10 from $97.
- While the firm’s price target was held at $230, the extreme downside implies a 95% drop from current levels.
- Watch Tesla trade live.
A Morgan Stanley analyst once dubbed Tesla’s “cheerleader,” drastically lowered his worst-case scenario for the stock to just $10 from $97. Share fell 3% early Tuesday.
“The reduction in our bear case to $10 is driven primarily by our concerns around Chinese demand read more >>>