Warnings about Tesla are growing louder as Morgan Stanley slashes its worst-case scenario to $10 a share (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 the 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” has drastically lowered his worst-case scenario for the stock to just $10 from $97, citing underlying demand. Shares fell nearly 3% early Tuesday.
“The reduction in our bear case to $10 is driven primarily by our read more >>>