Morgan Stanley thinks Tesla is morphing into an entirely new kind of company (TSLA)
|05/31/2017||Posted by BusinessMediaguide.Com under General World News||
In a research note published Wednesday, Morgan Stanley analyst Adam Jonas asked an important question with an elusive answer: “Is Tesla even trying to be a car company?”
The question arrives as Tesla is minting new all-time highs for its shares — $335 versus Jonas’ target price of $305 — but still failing to make a profit after 13 years in business.
Over the past year and a half, investors have collectively started to doubt whether or not Tesla can make good on its promise of maintaining its $50-billion-plus market cap as a carmaker alone. Conveniently, during this same period, Tesla read more >>>