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Tesla Stock Hammered As Wall Street Piles On

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mick Member Level  Tuesday, 05/21/19 01:53:56 PM
Re: mick post# 19022
Post # of 21315 
Tesla Stock Hammered As Wall Street Piles On Against Car Maker
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BRIAN DEAGON12:47 PM ET
Bad news continued to mount for Tesla (TSLA) Tuesday as Morgan Stanley outlined a worst-case scenario that calculates a potential 95% swoon in Tesla stock while the company's short sellers are in position to see a highly profitable month of May.

Morgan Stanley analyst Adam Jonas slashed

https://www.investors.com/news/technology/tesla-stock-hammered-negative-reports-pile/?src=A00220&yptr=yahoo


his low-end bear case scenario on Tesla stock to $10 a share, down from $97. That scenario is based on weak demand from China exacerbated by the ongoing trade war with the U.S.

Jonas kept his main price target on Tesla at 230, and a bull-case forecast of 391.

"Our revised bear case assumes Tesla misses our current Chinese volume forecast by roughly half to account for the highly volatile trade situation in the region," Jonas wrote in a note to clients. The trade war could also lead to an increasing risk of government and regulatory attention, he said.

The electric-car company is in the midst of building out its next flagship factory in Shanghai.

https://www.investors.com/news/technology/tesla-stock-hammered-negative-reports-pile/?src=A00220&yptr=yahoo


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