Of course the Tesla fanbois call conspiracy yet Adam Jonas is a huge Musk sycophant (certainly the now former – after this $10 call – king of the Tesla analyst fanbois) and he and a lot of other analysts are now rushing to take their price targets down.
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While Morgan Stanley’s Jonas slashed the ‘bear-case’ price target for Tesla, he left unchanged the base-case target on Tesla’s stock at US$230, while the bull-case price target is US$391.
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Tesla stock (TSLA) edged down, heading for their fifth straight session of losses, and bonds weakened, after Morgan Stanley analyst Adam Jonas outlined his worst case scenario. Jonas forecast the shares could be worth $10 to $391, with a price target of $230, a wide range that underscores the confusion and risks about Tesla’s future.
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(Reuters) – Further falls in Tesla Inc’s share price increase its chances of being sold in the years ahead, Morgan Stanley analysts said on Tuesday, as they slashed their worse-case scenario for the electric car producer to just $10.
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Influential Morgan Stanley auto analyst Adam Jonas maintained his price target of $230 per share. What’s getting a lot of people talking in his extreme bear-case scenario price target cut, from $97 to.
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A look atsuch as Twitter, for example, would reveal some Tesla critics stating that the $10 worst-case estimate was Morgan Stanley’s new price target for TSLA stock. This is untrue, but these instances all but highlight how easy it is for misconceptions about the electric car maker could spread.
Tesla share Price: Tesla stock worth just $10 in worst case. – Further falls in Tesla Inc’s share price increase its chances of being sold in the years ahead, Morgan Stanley analysts said on Tuesday, as they slashed their worse-case scenario for the electric car producer to just $10.
Tesla stock (NASDAQ:TSLA) looked alarming right before the markets opened on Tuesday amidst news that Morgan Stanley analyst Adam Jonas had lowered the electric car maker’s "bear case outcome" to just $10 per share, a steep drop from his initial worst-case scenario estimate of $97 per share.. The analyst’s findings dealt a blow to Tesla stock during pre-market trading, pushing shares.