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Morgan Stanley Slashes Worst-Case Price for Tesla to $10

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DMOST Member Level  Tuesday, 05/21/19 09:53:54 AM
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Morgan Stanley Slashes Worst-Case Price for Tesla to $10

(Bloomberg) -- Tesla Inc. was delivered another blow Tuesday by Morgan Stanley analysts who slashed their worse-case scenario for the share price to just $10 over concerns the electric-car market is saturated.

“Demand is at the heart of the problem,” analysts led by Adam Jonas said in a note. “Tesla has grown too big relative to near-term demand, putting great strain on the fundamentals.”

Jonas lowered his “bear case” for Tesla shares from a previous estimate of $97, which assumes Tesla misses its current sales forecast in China by about half, and kept a price target of $230. The stock fell 2.6% to $200 in pre-market trading


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https://finance.yahoo.com/news/morgan-stanley-slashes-worst-case-093700546.html

Again, we will see.............

GO TESLA, INC

"PEACE"

$$$$$$ $$$$$$


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